SPUS entering the Golden Pocket
SPUS or S&P500 is now entering the Golden pocket.
This technically is confirmation of the bullish reversal we have all been waiting for
The Dotted line shows the path if there is a rejection of this Fib golden pocket then the path can be like the one which happened in August where almost same levels were reached
any correction at this level may be maximum at 6% drop
If the bullish reversal is completed then we are looking at ~14% upward movement from here . So this is a great entry point.
This technically is confirmation of the bullish reversal we have all been waiting for
The Dotted line shows the path if there is a rejection of this Fib golden pocket then the path can be like the one which happened in August where almost same levels were reached
any correction at this level may be maximum at 6% drop
If the bullish reversal is completed then we are looking at ~14% upward movement from here . So this is a great entry point.