wallstreetsharks

SPX wave (C) corrective Wave lower

Short
SP:SPX   S&P 500 Index
On the minor time frame, the 100% retracement Wave (B) looking for Fib resistance at 3226 for one pending push to new lows before a long-term sustained rally ensues.Wave (B) resistance should hold at 3230 that is an ideal point to sell/short for a wave (C move down lower into channel support around 2750.

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