S&P500 To Drop To The 50% Retracement ?

Although the market (NYSE:SPX) recovered before the close, equities clearly look like they want to go lower. Remember we must break below the May lows in order to complete a proper intermediate low. I’m looking for a retracement at least down to the 50% level ( around the $2,270 level) due to the big up-move we have had since the elections.

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3 Responses to S&P500 To Drop To The 50% Retracement ?

  1. eagle1003 says:

    How long do you think it will take to reach that 50% retracement?

  2. Simon says:

    Hi, where can I go to learn more about your trading technique? I’m not familiar with some of the terminology you use. Thanks

  3. Hopefully a swift move down as this cycle is getting long in the tooth.

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