Wednesday, October 12, 2016

S&P500 Correction back to bottom of recent 'Time' Range.

S&P500 Daily Chart @ Close 10/11/2016
The Reversal Week of 08/19 continues to 'haunt' US Equity markets; Tuesday's sell- off YET to probe the bottom of the range witnessed since 2193 Highs.
2115 Support (38%) keeps the Correction more 'Time Based' than Price (< 4% below 2193); a breach below 2115 & Major 2069 Support (62%) looms with THAT BREXIT GAP @ 2035 from late June in need of a Fill later if not sooner?