S&P

ESH21

The break with the close's back below the 3914.00 major Gann square has now taken it back to 3844.75, this is 38.2% back to the 2/1/21 low. Provided they hold this area look for 38.2% back up at 3886.00 to see if the break is over. Not getting above this is a negative sign and you can look for new lows, above it and the break should be over. On a failure to hold 3844.75 look for 3673.00, this is 38.2% back to the 9/24/20 low. The first of the major retracements is 3550.00, this is 23.6% back to the 3/23/20 low and then 38.2% back at 3266.00.