💾 S&P 500 Index Reaction At Support

2 Mar 2023

We can see a reaction as soon as the 0.618 Fib. retracement support level is hit:

This same level matches the 0.382 Fib. retracement support if we count the full wave starting from the October 2022 low:

This can be a reversal point.
This potential reversal is only confirmed if it happens.

It can always go lower.
I am pointing out an early signal here.

While not mentioned here, I am also taking into consideration other factors that strengthen this signal.

Thank you for reading.

Namaste.