hctv presents naked gun monday, page-19

S&P fut 4 hr going back to the November low and the blue fib settings have had some validity. The orange setting off the last range down into the December low has a 261.8% extension just below 1490. There is presently about a 5 point discount on the futures so that equates to a bit above 1494 cash.

Incidently, the inverse head and shoulders here has a target around 1518!