based on current fibonacci extension levels we might see a drop to 2000-1800 levels. compared to the 2008 recession this could be the best chance to step into the market.
Comment
s&p just hit the 0.5 fib level on the daily chart. (resistance) i could see a drop from here on but i wouldnt be suprised if we hit the 0.618 fib level before.
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