Reply To: S&P 500 ‘Buy’ At 100% Fibonacci Retracement Level
A tighter stop loss just below the 1.272 Fib level could definitely help improve the risk-to-reward ratio for swing trades.
It’s all about balancing risk—too tight, and you might get stopped out too early; too loose, and you’re exposing yourself to bigger losses.
Look at the price now. It has already hit the 1.272 Fib level and may bounce back from there.
If not, my 1.618 SL is still in play for this current -8% drop in the S&P 500.
