S&P 500: The monthly chart shows the near vertical move that has transpired since the 2020 Covid Crash. Is a correction due…
A 10% correction (seen most years) would take the S&P to the area around the blue Tenkan line around 4156 and the 24% retracement target at 3990. The red Kijun line and the 50% retracement from the Covid Low to the 4545 high shows a support target down at 3368. Further risk identified between 2695 and 2460
A 10% correction (seen most years) would take the S&P to the area around the blue Tenkan line around 4156 and the 24% retracement target at 3990. The red Kijun line and the 50% retracement from the Covid Low to the 4545 high shows a support target down at 3368. Further risk identified between 2695 and 2460