retest of lows ( for better money management you can trade the Micro Contracts )
ARE WE ABOUT TO SEE A MARKET CORRECTION? As we finish off Q3 2019 and approach Q4 2019, we see that S&P is holding strongly about its new all time high. However, exactly a year ago, as September 2018 wrapped up, it started the great correction of 2018. Whereby the market erased all of the gains it made for the whole year. Some would argue that the crash started...
I believe we are taking out the ATH, we might have to fill it the marked area below but i think we will go higher from where we are now.
Now the pullback has begun as we are starting to accept some prices lower and the buyers were flushed out from the latest balance area. I'm looking for a retest of 78 above, and below 62-60 area becomes the line in the sand for buyers. If we fall though, I would expect us to drop pretty quickly towards the 40's. Of course, this is barring any trade report...