Technical analysis: S&P looks to test Ebola low. The apple cart continues to wobble.

Discussion in 'Market News' started by ForexLive, Jan 20, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    1820.66 is the October 2014 low The S&P is down 2.47% and currently trades at 1835. The low extended to 1825.00 - close to the Ebola driven low of 1820.66 back in October 2014. From the high, the index is down about 14.3%. The 38.2% of the move higher from the 2011 low comes in at 1729.82. A 50% correction of the move higher would go all the way to 1604.74. That is a 50% of the move higher. A 50% decline like what was seen in 2000 and 2008 is something different. A 50% decline in the S&P from the high would be to 1065ish. That would be quite a drop from here.

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