Fibonacci, Pivots & Key Levels

The price levels traders watch and why they matter.

1. Drawing Support & Resistance — How to find the price levels that matter on a chart, draw them as zones instead of thin lines, and judge how strong a level is.
2. Fibonacci Retracements — What the 38.2%, 50% and 61.8% retracement levels are, how to draw them, and an honest look at how SPY behaved around them in 2025 and 2026.
3. Fibonacci Extensions — How traders project possible targets beyond a prior high with the 127.2% and 161.8% extensions, and why targets should guide, not dictate, your exits.
4. Floor Pivot Points — The classic formula day traders use to set the day’s key levels from yesterday’s high, low and close, worked through with real SPY numbers.
5. Round Numbers & Prior Highs — Why prices like $100 or an index level of 700 can act like magnets and walls, with SPY’s real struggle below $700 in early 2026.
6. Confluence: When Levels Line Up — Why a price zone where several different levels meet is more meaningful than any single line, and a simple checklist for rating a level.