stzilialis

SPX POTENTIAL RETRACEMENT

INDEX:SPX   S&P 500 Index
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These are some thoughts on sp500             weekly chart. A potential retracement at these levels would potentialy suprize many investors who would rush for the exit. Since tapering did not bring any negative effect at the market momentum people tend to believe that nothing will stop the index from further rising. Fibo analysis shows that we are at market extremes for the moment. lets wait and see. personally i would prefer a correction in order to add to my positions.
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