123Tom's TA study group

[123tom]

S+P 500 and the others had a big down day.

Pulling back to retest the basic Fib support zones...should see support kicking in from 2800/2750/2700 area in my view.

From the 2350 Bottom to a 2950 top.retrace area 2650 is a target zone but also the other 50 point steps along the way up and down.
There are 3 Bottoms in the rally wave,I'm looking at for measurements. 2350 /2450/2550.
My gut sense is the 2700 will hold strong. The pivot bounces of support that held on the way up are at 2625/2675/2725/2775. its been all math target numbers sharp to the 25/50/75/00 target steps. by sharp I mean within a few points. you can see its running along math track patterns.
Its rigged to stay moving in the upward direction.
S+P pulling back to whatever support step the Trump controlled system wants to hold.