MarkLangley

S&P at that crossroad again of 4200

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
I have spoken about the Vix index and the range we have been in for the past 204 days of 3800/4200 and we are again at that level with Vix below 20 and the S&P nearing 4200. For me, we are trying to complete the correction of the first impulse lower (4808.25 -3504.00), there is a possibility we drive to 4302 (the 61.8% fib retracement ) if we break 4200, but I think that would be short-lived and then we can continue lower to retest the lows and beyond.

Mark Langley
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.