Tuesday, May 17, 2022

Target of this round of rebound?

Previous round of rebound reached 4637 which was close to 61.8% retrace of previous leg down which was 4550.  

If we are just starting another rebound like last time, we are targeting 4338 or 4246 levels as potential peak in 2-3 weeks duration.

FactCheck on 20220616, f1[#SP500 hit short term peak of 4176 on 6/2, time-wise hit, level-wise over-predicted]hit

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