Exemplarily, the S&P500 -0.95% rebounded on its 61.8% Fibo-Retracement. Also there was the correctional high of October.
If the S&P500 -0.95% can´t close above 2.820 points, it is in a short-term downtrend. The next first target would be at about 2.610 points.
If the bulls still do not take the scepter, it can slip one more level to 2.480 points.
If we see the year-end rally, and the S&P500 -0.95% will close above the level of 2.820, we should also quickly see the old highs at 2.940.
New all-time highs are also very likely.
If the S&P500 -0.95% can´t close above 2.820 points, it is in a short-term downtrend. The next first target would be at about 2.610 points.
If the bulls still do not take the scepter, it can slip one more level to 2.480 points.
If we see the year-end rally, and the S&P500 -0.95% will close above the level of 2.820, we should also quickly see the old highs at 2.940.
New all-time highs are also very likely.