Member
Posted 30 March 2020 - 03:51 PM
I have 8100-8300 as target area to end the counter trend bounce......and I think currently the nasdaq might be more predictive than the spx to understand when the bounce is over because there's a well defined zone of resistance which should act very strongly. Nicely 8300 would be a 50% retracement of the whole drop.
Edited by andr99, 30 March 2020 - 03:54 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
Member
Posted 30 March 2020 - 05:03 PM
I have 8100-8300 as target area to end the counter trend bounce......and I think currently the nasdaq might be more predictive than the spx to understand when the bounce is over because there's a well defined zone of resistance which should act very strongly. Nicely 8300 would be a 50% retracement of the whole drop.
Tomorrow looks like it is setting up to be it, by one of the 4 hr charts I use, lets see. (JMHO)
Member
Posted 30 March 2020 - 06:16 PM
Slupert - be it? Meaning hit the 50% mark and start declining again?
Member
Posted 30 March 2020 - 07:39 PM
Slupert - be it? Meaning hit the 50% mark and start declining again?
yes,
