Short term bull rally S&P 500
Actualizado
We are in the final corrective wave of the bear maret.
The retrace from Monday's high perfectly tagged the 61.8% Fibonacci retrace at 3980 on Tuesday.
I am long at 3980, Target 4200, SL 3950. I anticipate a 3-wave Fib extension to 4200,minor pullback to 4100, before final wave to test August highs. I cannot see a path beyond these highs under current fundamentals.
The retrace from Monday's high perfectly tagged the 61.8% Fibonacci retrace at 3980 on Tuesday.
I am long at 3980, Target 4200, SL 3950. I anticipate a 3-wave Fib extension to 4200,minor pullback to 4100, before final wave to test August highs. I cannot see a path beyond these highs under current fundamentals.
Nota
*Final corrective wave of the bear market rally.
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