S&P500 Retracement 07.12.2023

S&P500 Retracement 07.12.2023 by BDSwiss_Academy on TradingView.com

The U.S. benhmark indices are currently experiencing high volatility and large deviations from the mean.

Yesterday the S&P500 dropped heavily and has not retraced fully after reaching the important support at near 4550 USD. This might be completed today with the index price reaching the 61.8 Fibo level at least as indicated by the arrow.