S&P - Looking for that relief rally, come on already

18 Mar 2020

I think if it holds above 2300 into the close, the relief rally will finally come. That is the 2.00 extension of a corrective wave A ... The rally will hopefully run up to around 2700-2800 ... then a final move down into the 1800 area, the support levels lined in blue on the chart.

Unless we continue to land slide right on down ... be sure to use tight stops with high take profits so not to miss the rally opportunity.