US500 Short- Long term

Price providedA swing high, which created the A/B boundary. Then price gave a shallow 23.6 retracement. With the shallow retracement, price will heads to the -.18/-.27 extension before falling sharply to at least the daily 38.2 Fib level, with a strong possibility of retreating the March lows. This will be dependent on, fundamentals as well.

1. Possible Stimulus Package
2. Covid Cases continuing to rise
3. The possibility of a postponement of the election