S&P Index weekly & Fibonacci, NOW!

Yes, a close above 1243.13 will confirm a Wave 5 advance that targets 1260.40/1266.50

1260.40 is 1.382 times the length of Wave 1

1266.50 is 1.618 times the length of Wave 1

The key pivot point is 1229.05
A close below this level would negate the pattern and above projections.
 
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