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S&P 500 Index
Short

Very Bearish Outlook for the S&P 500

By cheminacci
With major support being broken the SPX500 looks like it will be heading much lower to retest previous support levels. Major support levels on the weekly chart align with the 1.27 and 1.618 fibonacci extensions of the most recent impulse leg. The market may retest 1730 levels and eventually the 1640 levels over the upcoming weeks.
cheminacciFibonacciFibonacci ExtensionshortSPX (S&P 500 Index)S&P 500 (SPX500)
cheminacci

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