SPX short term outlook: SP500 bounce before final dip?
Updated
Quick plot based on Fibs and Elliot Waves.
I am anticipating a bounce going into the weekend.
But I do think there will be at least one more leg down.
Some important zones are marked.
I would not be surprised to see it hit 2500.
Any lower than 2500 and the markets will be in trouble.
I am anticipating a bounce going into the weekend.
But I do think there will be at least one more leg down.
Some important zones are marked.
I would not be surprised to see it hit 2500.
Any lower than 2500 and the markets will be in trouble.
Note
SPX did bounce on Friday, a little lower than I thought but if did seem to recognize the first support zone (albeit pierced). 
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