Today 12/27/21 the S&P 500 (SPX) made a new all-time high and is nearing a major Fibonacci resistance level at 4889. If within the next few trading days, the broad target zone is reached, it could be one of the greatest short selling opportunities in history!
The daily SPX chart courtesy of Trading View illustrates the price action.
The primary Fibonacci level of 4889 is based upon the SPX rally from March 2009 to April 2010 has been discussed in several of this sites blogs. The lower end of the leeway zone goes to 4840.
The ideal time window for a top is 12/28/21 to 12/30/21. It could be fantastic if a top is made on 12/30/21. More about this and details about the Fibonacci price coordinates will be explained in a blog later this week.