S&P500 Approaching Key Level

Just a quick heads up.  The S&P500 has already taken out 2750.10, the first key Fib retracement of the 400 plus percent long bull market from Mar’09 to Feb ’20, and is now approaching another key Fibo at 2351.91, which also coincides with the December 26, 2018 low at 2346.58.  We are not expecting it to hold but do not believe a test of the generational low of 666.79 is likely.

 

S&P_Key Levles

 

S&P_Key Levles_2

 

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