The S&P is starting a show a wedge formation indicating a potential slowing of selling. Now, given the uncertainty of global events, who knows what will end up happening, but all we have is the chart.
Given that we are under the 145 fib level, I am still planning 4005 fib to be touched. Because of this, I have been waiting to see us break from the current level.
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.