Standard Corrective Phase... 2-3% to go
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S&P500 has a history of 50% retracements in uptrends..
We had 3 quarters of positive price action.. a 50% retrace isn't out of the ordinary for the indexes and based off this data, a further drop in the index of 2-3% seems inevitable.
We had 3 quarters of positive price action.. a 50% retrace isn't out of the ordinary for the indexes and based off this data, a further drop in the index of 2-3% seems inevitable.
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Almost tapped the 50% retracement
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