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DrewVisco
May 18, 2020 7:38 PM

SPX500 SHORT Short

US SPX 500OANDA

Description

SPX saw huge move up today back into the supply zone. This zone also lines up with the 61.8 Fib which has been a notable reversal level. I am expecting a move down to the demand zone.

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Comments
goatrades
how low will it dip to in your opinion?
DrewVisco
@sim76, Historically after 61.8 rejection it breaks the lows (18k). happened in 2008 / 2001 / so forth so forth. I expect atleast a retest of 18k lows. Using the -27 fib as a Target i expect 16k area
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