S&P looking for a bottom and bounce
My target is the orange circle around 3700. This could be an simple ABC correction resulting in a 22-23% drop from ATH. Resistance from the bounce at the red downtrend line. Further downside likely.
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.