the short term bottom cant be far away...we have a habit of rallying 50% ish back into heavy support/resistance zones
1. SPX recent top 944...bottom say 680-700ish.....50% rally takes up right into the recent major area of support of 804-820...think I counted about 7 bounces in this area....same with XJO 3818-3153 x 50% retrace 3485....right back into the heartland of support come resistance
2. Each time SPX has broken support its taken 3-5 days to scammble back above....then meander back upto 50% ish retrace
the short term bottom cant be far away...we have a habit of...
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Last
7,980.4 |
Change
9.300(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,971.1 | 7,990.9 | 7,950.6 |
| XJO (ASX) Chart |