I charted this last night, but got side tracked and did not post...

I charted this last night, but got side tracked and did not post it.

As we saw today, the run back up past the 62Fib of the previous high vs low, acts as a strong resistance more commonly than most can comprehend (even myself). Cracking this level will be key to a rapid run higher. Once gone, then the fib extensions come into play and are likely targets. The 200% is just an 'easy money' play as learnt off@W3hunter . There are a few here who comment on the SPX thread. SPX when through a very similar chart pattern on its breakout! The biggest catalyst required IMO is a break upward for gold prices. SPX and the other gold spec stocks are likely old hack now... this chart has huge potential!

GLTA!