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.
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Last
8,570.4 |
Change
-9.700(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,580.1 | 8,593.6 | 8,558.3 |
| XJO (ASX) Chart |