Mid Week Analysis by Amateur-Investor.Net

 

(2/13/18)

After a 340 point drop the S&P 500 has rallied up to its 38.2% Retracement Level.  If it continues to rally the next area of resistance is in the 2700 to 2745 range which are the 50% and 61.8% Retracement Levels.  Meanwhile if the S&P 500 stalls out at its 38.2% Retrace and begins to rollover support would be in the 2615 to 2600 range.

 

 

 

 


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