Standard Corrective Phase... 2-3% to go
Updated
S&P500 has a history of 50% retracements in uptrends..
We had 3 quarters of positive price action.. a 50% retrace isn't out of the ordinary for the indexes and based off this data, a further drop in the index of 2-3% seems inevitable.
We had 3 quarters of positive price action.. a 50% retrace isn't out of the ordinary for the indexes and based off this data, a further drop in the index of 2-3% seems inevitable.
Trade active
Almost tapped the 50% retracement
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*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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