Fibonacci numbers: 1 3 5 8 13 21 34 55...
Yesterday we saw a 3% decline on the S&P500 to 1360.6,near enough the 1364 pivot. 3 is a fib number.The intraday high on May 19 was 1440- 2 points off the 1338 pivot.Why is that significant?- yesterday is 13 trading days from May 19.Coincidence? Maybe. Here's another 'coincidence' The open on April 1st was 1326.4,near the 1327 pivot. April 1st- May 19 = 34 trading days,34 is a fib number. And my point is? well,no great secrets revealed but it's interesting.
Yesterday we saw a 3% decline on the S&P500 to 1360.6,near enough the 1364 pivot. 3 is a fib number.The intraday high on May 19 was 1440- 2 points off the 1338 pivot.Why is that significant?- yesterday is 13 trading days from May 19.Coincidence? Maybe. Here's another 'coincidence' The open on April 1st was 1326.4,near the 1327 pivot. April 1st- May 19 = 34 trading days,34 is a fib number. And my point is? well,no great secrets revealed but it's interesting.
