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– S&P 500 index broke support zone
– Likely to fall support level 5800.00
S&P 500 index recently broke the support zone between the key support level 5925.00 (low of the previous waves a and c), the support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse from January.
The breakout of this support zone accelerated the active short-term correction ii – which belongs to the higher raves 3 and (C).
S&P 500 index can be expected to fall to the next support level 5800.00, a low of the previous minor corrections a and 2.
Source: https://fxpro.news
