The S&P 500 needs is a little push - about a 0.7% gain - for many chart watchers to deem the rally real. Meanwhile, levels on the downside to watch include previously surpassed Fibo retracement ...

The second is Fibonacci retracements and this is what most of this post will be about. There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines.