Fibonacci resistance at SPX 2400 has held, the decline on 3/2/17 appears to be the start of Minor wave 4 down. A move above 2401.00 will invalidate the wave count. A move below 2359.00 will open the door for a move down to the wave 4 target zone which is about a 5% decline. This calculation is based on the size of Minor wave 2 in the SPX August - November decline.
Wave "fours" and "twos" tend to be equal in price.
Mark
Wave "fours" and "twos" tend to be equal in price.
Mark