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S&P500 Analysis: -Daily -Weekly -Monthly -Template -Formulas -Real-Time - HOME

S&P500 Technical Analysis

Please look at all charts, monthly, weekly and daily before making your own conclusion. You can find HERE a description of the chart template used.

Weekly chart

03/28/2020:

In the weekly chart the index is moving down past the 161.8% Fibonacci retrace towards the 261.5% Fibonacci target and the 50% long term retrace since the move up started in 2009. At that point we must expect an up correction possibly up to the the low of the previous wave 4 or the 161.8% Fibonacci retrace or the 200 bars weekly average. From that point there is a chance that the down move will resume for a long term down target near 1200, finishing the ABC long term Elloitt wave.

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S&P500 Analysis Charts: -Daily -Weekly -Monthly -Template -Formulas -SPY Real Time

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