Long term swing point has been hit The S&P closed just above the long term swing point of 2641.00, this is 38% of the break from the all-time high and the 1x1 angle from the Dec 2018 low. It must now stay above this level to give

The low this morning so far went into a few major retracements. The biggest was 23.6% back to the 2009 low, this is 2753.00, 38.2% to the 2016.00 low, this is 2792.00 and 61.8% back to the Dec 2018 low, this is 2724.00.

ESH20 On the retest of the lows, use the 2910.00 1x1 as the DSP for the day. On a rally from this area look for the 2970.00 major Gann square, a close above here would be a very positive sign, even better would be a close above 2992.

ESH20, With a solid close above 23.6% of the move down at 2981.00, the first test for the S&P  to see if a longer term bottom is in, will be the area of 3049.00 to 3066.00. The first is the 200 day average and

When you look at the daily chart, it looks like it made a new low below the 2910.00 1x1 and then closed back above the 2970.00 major Gann square, great bottoms in, but this totally belies the days action. From 8:30 to the close it had a

The rally back above the 3066.00 major Gann square today hit 23.6% back to the all-time high up at 3097.25 keeping this market extremely negative. They have now hit our second target zone of 2984.00 to 2970.00. This area is critical to the long term