123Tom's TA study group

[123tom]

JSC, lol, you went on a bit of a rant there.

not sure what category to put that post in.
but I appreciate your contribution here.

Here's another S+P chart. Its a 5 minute chart I wanted to preserve here to be able to notice the pivot points where it reversed up and down, at this bottom zone.
S+P chart/5 minute chart picture and Fib projections

it bottomed at 2710 today but the settling bottom points are more like 2725 area. I think that's a fair thing to call a zone. at 2725.

There is a 50% Fib retrace target now at 2825. The 2800 area is a key target zone now. but today,the bounce looked ok to 2762 BUT it sold down hard in the afternoon, so I need to see what tomorrow does up or down.

S+P needs another good follow thru bounce tomorrow to end the week. but while my gut says this 2710 low is a finish Bottom, the afternoon sell off has me a little concerned here. The greater rally recovery will need to get going next week anyway, so maybe tomorrow will hang around 2750 area and bottom hold here at 2725 area.