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.