S&P bouncing along - 200 points drop likely?

SP:SPX   标准普尔500指数
152 0
Last week was a big up and down and after Fed's Dudley initially down talked a potential rate hike, Friday's job numbers make the rate hike more likely again. Although job creation slowed, the unemployment rate dropped below 5% and average earnings saw a huge rise which lead to a Dollar rally on Friday and the S&P 500 tanked. Markets are eagerly waiting for Yellen's comments next week.

From a technical perspective, the S&P500 showed a precise 50% Fibonacci retracement and immediately started selling off again. 1870 is an important level but given the current situation, a break is likely. The next target is at 1820 to the downside - which is the 0 Fib. The 161 Fib-extension target falls into 1640 which would be a 200 points drop from current levels.
I am trading Forex for 12 years and 6 years ago I quit my corporate job to travel the world

> Free blog:
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出