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Re: bigworld post# 749

Monday, 05/09/2022 12:13:58 PM

Monday, May 09, 2022 12:13:58 PM

Post# of 2589
Bigworld, Looks like the place to be right now is on the sidelines, ie cash and T-Bills. Everything else risks being sucked into the vortex of the bear market.

Here are the support levels to watch for the S+P 500 (below). Current level to watch is 4000, and below that is the key 20% bear market level of 3840 -


S+P 500 Support Levels - (approx)
******************************

200 MA --------------------------------- 4493
50 MA ----------------------------------- 4383

Feb-Mar closing lows --------------- 4150
Feb-Mar intraday low --------------- 4120

Round Number support ------------ 4000
20% Bear Market level ------------- 3840
38.2% Fibonacci Retracement --- 3800
_______________________________

Sept 2020 high ----------------------- 3600
50% Fibonacci Retracement ----- 3500
Feb 2020 high ------------------------ 3400
Sept-Oct 2020 lows ----------------- 3200
61.8% Fibonacci Retracement --- 3200


https://investorshub.advfn.com/Chart-Patterns-and-TA-33164/


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