The pennant has broken, bad news have been a catalyst. People are now officially in panic mode. Words of a second great recession are coming out. This should all die out within a week once we have reached the end of this perfectly healthy and necessary correction. Target 2450. Then its slow and steady to above 3k with strong initial recovery since we are so heavily oversold at the moment.
Trade active
We're pulling back a little to the fifty percent fib. It may or may not go pass that, we will have to see for tomorrow.
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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.