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.

This entry was posted in SPY, Trading and tagged . Bookmark the permalink.

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

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.