SP 500 Monthly TF Analysis

22 мар. 2020 г.

At recent crash, SP500 index found it's first support and %10 bounced at Fibonacci 0.618 extension level of last decade. It wouldn't be much surprising if 1.618 level will try to hold with all that old price action area nearby and the purple potantial support. RSI still has a room to say oversold, check the green boxes at RSI. I'll be monitoring well dipped stocks besides tourism industry which is too early for me to rely on yet.