We asked Fibonacci expert, Neal Hughes, what he thinks of the market these days. He had this to say:

"The S&P has been very responsive to Fibonacci levels recently, it's uncanny how that works. There is a battle between a long term bullish trend and a recent down-trend (pullback)..."

Watch Neal's video update  to get the rest of the story.

or visit his web site at http://www.FibMarkets.com.