S&P 500 will test major support around 3065

Published February 25, 2020: The 3065 level is at the 200-day moving average. It also would represent a 10% correction. A confirmed breach below this major support level would necessitate a chart update with Fibonacci Retracement Levels. At that point, 2400 could be in the cards.  Weelky chart of the S&P 500 showing major support around 3065


Technical Analysis is about identifying the trend

Note: This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

© 2020 TradeOnline.ca InvestOnline.ca

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.