Quick plot based on Fibs and Elliot Waves.
I am anticipating a bounce going into the weekend.
But I do think there will be at least one more leg down.
Some important zones are marked.
I would not be surprised to see it hit 2500.
Any lower than 2500 and the markets will be in trouble.
I am anticipating a bounce going into the weekend.
But I do think there will be at least one more leg down.
Some important zones are marked.
I would not be surprised to see it hit 2500.
Any lower than 2500 and the markets will be in trouble.
Note
SPX did bounce on Friday, a little lower than I thought but if did seem to recognize the first support zone (albeit pierced). 
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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.