Could it be this easy? Have we been overcomplicating ourselves looking for the magical top? #sp500 $SPY #Fibonacci

Now, taking #fibonacci retracements off the '08/'09 hi/low, and combining with the Covid crash hi/low...we see the importance of several key levels, in both log scale and linear scale. We now see 3998 SPY as an extension off 2009, and 4153 as a level off March lows. Also 3780...

After spending hours drawing and looking at a thousand lines, these are the cleanest, simplest, and most logical I've seen. Sticking to this theory. I also have a fib channel in log scale, and we can see how trend lines are respected on the diagonal view vs. horizontal.