After a strong sell off -59pts or -1.39% (supply) for S&P 500 on last Friday, 18 June 2021, this is a potential start of a market correction.
Here are 2 key support levels to mark on the charts if index continues to fall.
1st Level: 3,850
High Volume Area
Fibo Retracement of 23.6%
10% fall from Peak
2nd Level: 3,400
High Volume Area
Fibo Retracement of 38.2%
20% fall from Peak
Here are 2 key support levels to mark on the charts if index continues to fall.
1st Level: 3,850
High Volume Area
Fibo Retracement of 23.6%
10% fall from Peak
2nd Level: 3,400
High Volume Area
Fibo Retracement of 38.2%
20% fall from Peak
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.