SPDR S&P 500 ETF TRUST
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50% Retracement Bounce and then New Lows

Historically, when markets drop 15-20% off the highs at start of bear markets we always get a 50% retracement bounce. Expect a bounce from this level before making new lows.
Nota
Right now you can see this bounce is playing out
Dagangan ditutup: sasaran tercapai
Retracement target has been hit. Hitting heavy resistance levels now.

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