Fib retracement points towards $3,100 being the first line of support, followed by $2,800 & then $2,600. Several other zones of support not associated with the Fib indicator are in there as well, one being $2,950 & another being the psychological whole number of $3,000. Markets love to chase whole numbers.
This pullback will give all the technical indicators a chance to reset for the next move to new record highs. It could happen in a few months or a few years.
Markets don't move in straight lines.
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