new day 17th feb, page-6

Using CMC's SPX which will be a touch different to daytime only charts I have put Fib grids on daily and weekly.

First is weekly and you can see the mid 2010 low is about 5 pts above 50%. To meet SPX would need to see about 1347.



The second is daily but it has the mid move low of the shorter time frame on the 50% now.



If you use a grid on the 2007/9 decline then the last Fib res(76.4) is about 1360. No chart posted.