The 2.618 Fib extension target for the IT advance off the Nov lows comes around SPX 2659
The 2.618 Fib extension target for the LT off the 666 lows comes around SPX 3087
Something to keep in back of the mind as we trade this. I would not be surprised to see a big reaction from 2659. In the ST, we may go and test 2659 one more time after the tax deal is done.
ST trend is still up and i am in cash looking to go long again.