 Hey everybody, it's Hari Swaminathan from optiontiger.com. Here we are looking at the S&P. I want to do a market update today is Monday November 19th. And so if you look at the S&P chart, this is a three month daily chart and if you look at, we've come from a high of about 29.47 all the way to 26.03. And from here, it's just been chopping around. You can see the five day just crisscrossing over and under the 20. So to get some kind of a sentiment, at least from a technical angle, what I wanted to do in this was I wanted to pick out a drawing tool, the Fibonacci retracement because we've had a big drop here. You can see from 29.47 to 26.03. And so this is a perfect case, you perfect use case for Fibonacci. So the way you do it is you pick this point here and then you come down to the low and once you do that, you'll see that this retracement went up to the 61.8%. And this is a classic textbook case of a perfect Fibonacci level providing the resistance. And so now if you see, we bounced off the 23.6 and right now we are exactly at the 38.2%. And so these are strong Fibonacci levels, especially the 38.2, the 50 as well as the 61.8. And today's market, you can see the S&P futures are down, it's still pre-market, it's down about nine and a half points. And since it's right here on the 38.2, so we can expect a battle here for a day or two and then we'll get some sentiment as to whichever way it results, whether it's to the upside or to the downside. And then of course it remains to be seen whether it can pierce through these higher levels. So in this video, I just wanted to cover this Fibonacci levels and apply it to the S&P and we can see that the Fibonacci levels are working very well. I think all traders are looking at it, even if you see a little bounce over here to the 61.8% level and then you can see that it goes up to 61.8 and bounces off the 23.6 and it's right here at the 38.2. So it's a classic application of the Fibonacci retracement level. So this is the level we need to watch and see which way it resolves over the next few days, this week perhaps, and then we'll get a better sentiment of what's happening with the S&P. Just following up on the previous video on this Fibonacci levels, now we've had one full trading day, yesterday was a big down day, you can see the SPX went down by 45 points. But if you see this bar, it's bounced off the 23.6 level and it closed a little bit above that. Today's futures are also dipping down into that 23.6 level. So I think this Fibonacci levels are going to be key, looks like the big players are also looking at it. So going into the holiday weekend as well as into the year end, whether there's a rally or not, it remains to be seen but this level is key here because if it breaks this down, then it's probably going to retest the low of 26.03. So this level is key. So this week we have to watch, it's a shortened week in the markets, but this is a key level to watch. Thanks.