The S&P 500 is testing the 912 level and note that the Fibonacci retracements to Friday's intraday high are:.618 at 912.48
.707 at 915.88
Interesting the 200-hour moving average close by as well. It's bullish for now to see action above yesterday's high, while if this is a continuation of the second wave of wave 3 down then the above Fibonacci levels should act as resistance. So intraday, keep an eye on for reaction at these levels.
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