Stock Trading Tips for Friiiiiiday

24 jul 2020Stocks cratered on an abysmal day in the tech sector. The S&P is finding support at 3220, which is a very strong nested Fibonacci level. This is a healthy corrective wave for the overall impulse. The next level of support follows below at 3200, a psychological, technical and nested Fibonacci level. This is about as strong as it can get (our powers combined meme here). The Kovach OBV has rounded off, however, so be prepared for a dip if we are wrong and we don't get a bounce off current levels. We are still in buy on dip mode, so patience will prevail.