EuroMotif

SPX to bounce then Lower Low? 9.618 rejection still in play

EuroMotif Mod Diupdate   
FOREXCOM:SPX500   Indeks S&P 500
Follow up to my previous post when SPX topped, see link below.

The 9.618 extension is a very common Murder of Moves.
It already rejected, and day after was Trump-China escalation.
Thus the Gap down, which gave me another Impulse/fib to map.

Now I look for Confluences of the two Fibs pushing in opposite directions.
Blue arrows are possibilities implying sooner the bounce, higher the low.
One Trump Tweet could change it all, but I am doubting we have bottomed.

My previous Post raising alarms about the 9.618 top:

Komentar:
Got the bounce today as I thought we might now the bounce has reached resistance, and it is 2pm EST, a common time for reversals. Lets see how this plays out.

.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.