Something Interesting About The S&P500

Andrew Pancholi Market Timing Report

This weekend the S&P 500 Index reached a significant level hitting the 1.618 fibonacci expansion of the move up from the December 2018 low and the subsequent high at a price of 3329.

Here is a second interesting fact.

The low after the Global Financial Crisis came in at just over 667.

Multiplying that figure by 5 takes us to the levels shown in the chart below - 3327.

Both these levels were hit over the holiday weekend when we also had a Market Timing Report turning point.

If it wasn’t for the repo situation I would say we are at overhead resistance.

Watch the market carefully!

Author

Andrew Pancholi

Market Timing Report

Andrew Pancholi is a world-renowned trading expert specializing in market timing.

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