SPX's correction is still on the track.
Indicators show that there is no more momentum for a proper upside move. Therefore until RSI comes to an oversold level and momentum changes, we may take Fibo retracement as a benchmark for the correction phase.
1926 is the initial confirmation level of the correction phase, followed by 1889 and 1860.
1895 is a serious support and resistance level as well as 1850 and bellow 1830 1794 but we are not there yet.
Indicators show that there is no more momentum for a proper upside move. Therefore until RSI comes to an oversold level and momentum changes, we may take Fibo retracement as a benchmark for the correction phase.
1926 is the initial confirmation level of the correction phase, followed by 1889 and 1860.
1895 is a serious support and resistance level as well as 1850 and bellow 1830 1794 but we are not there yet.
