Looking at the chart right here, as we can see the S&P 500 is bottoming, and we will see the same thing happened on 9 May 2022, so what I see or expect from the 2025 correction is rejection to the 50% fibonacci retracement which is around 20% or we can expect a deeper correction which is to the 61.80% and also with the rejection to the MA200 and hope it bounces back up, let me know what do you guys think about SP500 right now
Trade active
bounced exactly at 50% fib target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.