With 2900 level gone market just confirmed it's weakness.
Yesterday we finished just above 50% fibo and with more and more bad news coming anxiety grows.
News headlines are not giving us much hope: Argentina just crushed. Chinese military vehicles gathering along the Hong Kong border.
I assume there is still a chance for retracement to ~2900 level today, but if not next levels to look for are:
- 2878 - 50% fibo
- 2842 - 38% fibo and support from recent market sell off
With small short position already placed my eyes look on 2729 but it might take another 2 weeks to get there, unless a tweet will fast forward reality.
Yesterday we finished just above 50% fibo and with more and more bad news coming anxiety grows.
News headlines are not giving us much hope: Argentina just crushed. Chinese military vehicles gathering along the Hong Kong border.
I assume there is still a chance for retracement to ~2900 level today, but if not next levels to look for are:
- 2878 - 50% fibo
- 2842 - 38% fibo and support from recent market sell off
With small short position already placed my eyes look on 2729 but it might take another 2 weeks to get there, unless a tweet will fast forward reality.