Trendbased fib time

13 May 2014

Just messing around with the trend based fib time tool on the SPY weekly back to the 2009 low. Obviously there's been a bit of movement around between the lines, but all except for the 0.618 line up with some sort of pullback. This chart would suggest that it wont be until Sep/Oct with SPY around 200 before we would see any significant correction.