hi all.
weekly chart. sp is in a confirmed downtrend but is now sitting just under strong fib support 81.34. 81.10.
the sp could find support at the .618% fib extension (of this run down) 80.07 before closing the week above the fib support area.
if this fib support area is broken then 77.38, 76.31 is the next fib support area.
just my 2cents worth.
have a good one.
582
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