Feb 5, 2014

SP 500

          Medium term SP500 might found support at 50% Fibo retracement of potential Minor first of Intermediate fifth of Primary third wave sinse 3/6/2009. The price could drop to lower  $1710 level and hit 61.8% Fibo.



       This suggesting is based on the Fibonacci extention sequence, i.e. every third wave in this bull market unfolds to 161.8% Fibo of the first wave. If we follow this ratio then Primary wave three target should be far and away from here.

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