Zebulon92600
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The SP500 broke its long term bullish slant which has been broken only one time in 1 year and a half ... it ended with a test of the lower bound of the uptrend channel.
If the index breaks the 38.20% fibonacci retracement (of the last bullish rally) to 1981.80, i expect a further correction towards the 61.80% retracement at 1920.5 and a test of the support at 1894 (level the lower bound of the channel).
Zébulon, fan of CentralCharts.com
If the index breaks the 38.20% fibonacci retracement (of the last bullish rally) to 1981.80, i expect a further correction towards the 61.80% retracement at 1920.5 and a test of the support at 1894 (level the lower bound of the channel).
Zébulon, fan of CentralCharts.com
