i commence with my gratitude to The CreatorMarkets have stopped at the S&P-500 strong resistance level of $1,200 (just to trick some stops, it peeped up 3.5+ points and then tumbled today. Natural Harmonic Numbers always offer strong resistance, especially when they align with the time cycle.
Markets have pulled back 23.6%-25%, a normal and preferable pull-back under a rally or up trend. SPY and QQQ both have retraced with such amounts.
Is that it? Are we done with pull-back and now shall resume the rally? Of course, the price action shall tell the tale. However, based upon the current analysis, it seems that way. and that is the minimum retracement and pull back, I was hoping to get, to give another steam of buying.
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