Trader_hao

Entry level for S&P500 ($1705-$2350)

TVC:SPX   Indeks S&P 500
Many countries are releasing stimulus right now increasing Singapore. I think it will help boost the economy slightly. However, based on Fib retracement, a good entry level for S&P500 ($1705-$2350). A Fibonacci retracement is a term used in technical analysis that refers to areas of support or resistance. Fibonacci retracement levels use horizontal lines to indicate where possible support and resistance levels are. Each level is associated with a percentage. 50% to 61.8% are usually good indicators for a good entry point whenever there's a retracement downwards after a bullish run.
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