SPX M 1.618 AB=CD 1987, 2007, 2009, 2015

The S&P has completed a bearish ab=cd from 1987 low. The pattern completes ~2100 when using b point, which points to the close from the 09 low. Given that the candle wick measures ~100 points lower than b, I drew a fib from high to low using the wicks and the 1.618 comes in at 2127. If the index does manage to break above this number, look for 2500 as the next hurdle.