Short term bounce from 2840 support most likely scenario
Recent sharp correction on S&P has reached 2840 levels.
There is a 38,2% fibo retracement around those levels that already plays as a support.
If now new tweets will appear, it's very likely some relief bounce can bring S&P to 2880.
We will see what's going to happen then but It still looks bearish to me, and within few days I can see it going south again to 2750 or even a bit lower.
There is a 38,2% fibo retracement around those levels that already plays as a support.
If now new tweets will appear, it's very likely some relief bounce can bring S&P to 2880.
We will see what's going to happen then but It still looks bearish to me, and within few days I can see it going south again to 2750 or even a bit lower.