SP500 drops from its all time high for the last two weeks. With the current situation, it is still looking short. Even though at the 3330 level we have a resistance level, we are unlikely to have a very high bounce back or reach the all time high again.
A likely case is that, the index drops to 3220 level and has a slight bounce back and goes to a lower level....
we have had a big fall in the past two days. A even further slide seems inevitable at this moment, as we can see the candle stick breaks the support level we have from the high of pre-corona period (Feb, 2020).
Two key supporting level we could look at are:
1. around 3220, but this level is relatively weak. and I will not be surprise if the index decide to...
