The SP 500 have find a strong barrier ahead its run , this obstacle is placed to 2400 points ( as you see in this chart ) and yesterday have caused a deep correction . it Could to be the begin of something of more important , as several oscillator that turned in bearish mode . The RSI is to 40 and the CCI to -256 !!!
Considering the high overbought situation caused by years of bullish market the SP500 could loss many points in the coming weeks , the Fibonacci expansion is the ideal tool in this case for find a valid target .
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