TheAverageTrader2

just a normal retracement for the sp500 , using fibonacci , POC

Long
SP:SPX   S&P 500 Index
everything in order, harmonic impulses, fibonacci levels in the norm with support in the 4816 area, which falls both in the 038.2/0.5 fibonacci area and in the POC. where last time he found support to restart.
minimum price target 5600 obtained with fibonacci reversal up to 6165 as maximum target, the shadow of the candles is a retracement of the last bullish impulse, which squares with the next retracement.
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