based on current fibonacci extension levels we might see a drop to 2000-1800 levels.
compared to the 2008 recession this could be the best chance to step into the market.
compared to the 2008 recession this could be the best chance to step into the market.
s&p just hit the 0.5 fib level on the daily chart. (resistance)
i could see a drop from here on but i wouldnt be suprised if we hit the 0.618 fib level before.