Fibonacci levels for swing traders to keep an eye on in the S&P 500

The S&P 500 is getting close to the .786 retrace to the February highs, which (depending on just which numbers you use for the calculation) is about 830.50-833. That's also the top of a Fibonacci probability zone (in this case, from 806-833) within which a significant reversal can occur - or not. Somewhat above is the .618 retrace to the January highs at just under 838. A quick "poke" above 833 would be permitted for this particular Fibonacci reversal setup, but that's about it. If price moves much above 833, or 838, then it's a signal of strength (even though it may not dictate exactly what we see on a short-term trading basis).

Here's the VIX - not really as low as you might think, but I don't know just how much we can read into that right now: