S&P 500 IndexUpdated s&p 500 retest of 4200 and retracement idea
Yesterday's (24th aug. 2022) price action in the s&p 500 looks to me like a short rally before heading to further lows. The main low I have in mind is the 4078.8 level (which corresponds to a fair value gap). However I'd be looking for a failed breakout at the 4200 level or if there is a daily close above 4200 my focus would be on the daily swing high at 4325.
Trade closed: target reached
That was indeed a nice move!
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