The benchmark index has flirted with — but has so far failed to close above — a key Fibonacci retracement target. Until it does, the downtrend is still alive.

If you think Fibonacci was just a crazy Italian mathematician, consider this: The May 2 high at 1,370 and the June 16 low at 1,258 occurred right.

By shooting a laser pulse imitating the Fibonacci Sequence into qubits, physicists created a new phase of matter far better at maintaing a quantum state.