The 78.6% Fibonacci

a remarkable level of resistance has been reached

A tip o' the paw to premium member pduncanj, who was kind enough to point out something to us that I hadn't realized: today's SPY peak matched with astonishing perfection the Fibonacci retracement (78.6%) going all the way back to the Halloween bottom. Here's the daily chart:

And here is the minute bar chart. If this holds, it's going for us to gather to…