Major support now! Long-term Primary trend-line SPX, Weekly chart.
Fibs retracement dating all the way back to the 2008/9 financial crisis.
Long-term trend line on the Weekly for the SPX. Looks very doable if we trade down to the trend line.
Fibs bounce from the 2nd Fibs confluence derived from the Weekly chart shown here on the Daily
After yesterday's rout and breach of the 1st Weekly Fibs confluence, the next confluence line derived from the Weekly chart (Shown on the Daily), is in play.
Looks like a very doable level for the market the trade down to. Let's see what happens.
Has traded down to Confluence with a small lower wick touching a Drop Base Rally Demand Zone. Also, sitting on the Primary trend. To me this is an awesome looking chart folks!
This could be sweet if it plays out. Great buy opportunity IF GMCR trades down to confluence along with the Primary/Intermediate/Minor trend.
Jerremy, sold Q's here at 200%. Hope you can make out my chart and work.