Spotting The SPX Low

When Fibonacci timing cycles and price levels coincide, profitable trade opportunities can often result. 

This week, we spotted Fibonacci timing cycles that anticipated a possible low on 5/11-13. We also spotted key price support on the daily charts that included symmetry and a .618 retracement on the SPX.

The result: So far we've seen a rally of 106 SPX points.  If we clear the 4166-4168 area, the rally can continue to push higher.

Carolyn Boroden, who is renowned for her expertise in Fibonacci price and timing analysis, hosts the Fibonacci Market Analysis service at ElliottWaveTrader.