S&P 500 Key Levels to Lookout For

After a strong sell off -59pts or -1.39% (supply) for S&P 500 on last Friday, 18 June 2021, this is a potential start of a market correction.

Here are 2 key support levels to mark on the charts if index continues to fall.

1st Level: 3,850
High Volume Area
Fibo Retracement of 23.6%
10% fall from Peak


2nd Level: 3,400
High Volume Area
Fibo Retracement of 38.2%
20% fall from Peak