hi all.
with the bearish divergence in the macd now in play, it will be interesting to see where the sp will find support.
the sp has found support on the .382% fib and now looks as if the sp will retest this fib. a break of this fib could see the sp trend down to the $34.60 area. this is a strong confluence area and lots of support may be found.
we could be in a a-b-c correctve wave after want looks like a motive 5 wave move up.
just m 2c worth.
have a good one.
582
charts galore, page-48
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$41.46 |
Change
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Mkt cap ! $210.2B | |||
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