S&P is sitting on his 61.8 retracement. A final sell-off is possible but most indicators show a significant oversold market and 61.8 retracement level usually makes the market hold on for a while. Additionally the goal of the broken triangle is reached as well. Interesting will be to see by how much the markets will move up. I hope the former support and resistance level at around 1200-1220 will be reached and broken soon.
No comments:
Post a Comment