
Leonardo of Pisa "Fibonacci" - 12th. Century Italian Mathematician

2D, 10 min. - Feb. 20 - High/Low Resistance and Support is identified for the last five days and boiled down to two days. Fibonacci retracement lines are drawn as above. "Critical" level is 50% as to whether move is sustained or not. That is around the 78.00 mark. If the SPY goes above 61.8% (78.51) there is a high likelihood that the upward trend will be sustained. If it drops back below 38.1% (77.48) it is more likely to fail and go lower. Also note that this activity is all within the Devil's Den and caution is advised. We still have a Bear Potato intact.
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