Testing strong resistance, retracement should come
2800-2900 should be strong resistance, given that we had a extremely strong downside move after previously breaking that level. Coupled with many other factors such as already a 27% retracement move, economic data still in shambles, struggling price action around this zone - my money is on a retracement to 2500s at the minimum.
Disclaimer
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.