CISCO Month in a Descending triangle

• First chart is the weekly time frame of cisco with the resistance line which may act as support during this fall.
• Next chart shows the Fibonacci levels which may act as support. Price may take support near 61.8 the Golden ratio or at 15 which is the 78.6% Fib level. 
• Downward momentum looks strong and if the above levels fail to hold the stock price may fall towards the support line of the descending triangle which is between 13.30 - 13.63
• S&P 500 ANALYSIS AFTER CLOSE