.236 Monthly SPX Fib Retracement Potential PT $2500 Mid 2018

Here is a quick look at a basic monthly chart for the SPX (S&P 500). As you can see, our previous over-extended run ended in a pullback to the 236 fib line which also corresponds to our major dominant trendline.
Currently watching key moving averages on the 1, 2, 4hr & daily charts including our 50, 100 & 200 moving averages.