Home > Short-Term Trader > $SPX 1150 Downside Target

$SPX 1150 Downside Target

By: Paul

Initial downside target for the S&P 500 is right around 1150. Three points of confluence exist at this price level.

1. Prior breakout level from January (1151)

2. Bull market trend-line (1150ish)

3. 38.2% Fibo Retracement from Feb-April (1153)

SPX 1150
 

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Categories: Short-Term Trader
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