That level represents the 1.618% Fibonacci extension, originating from the December 2018 lows, the December 2022 lows, and ...

It did fail to make a new high at a 78.6% retracement on 6/16/25 and that did send the market over $200 lower and is caught between 78.6% retracements. Overall even with the sideways trade since the ...

ONE44 61.8% rule, Whenever the market holds 61.8% of a move, look for it to go 61.8% of where it just came from. This usually happens when a market is directionless, or in a consolidation period.