Standard Corrective Phase... 2-3% to go Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Oct 26, 2023 4:51 PM

S&P500 has a history of 50% retracements in uptrends..

We had 3 quarters of positive price action.. a 50% retrace isn't out of the ordinary for the indexes and based off this data, a further drop in the index of 2-3% seems inevitable.

Fibonacci