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Since the lows back in November, the S&P500 ran up from 741 – 935 (intraday) or a gain of 27.3%.
It has since retraced half of those gains. 842 in the SPX cash is the 50% retracement of the rally off the 741 November 2008 21st low.
SPX Retracement
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Since the lows back in November, the S&P500 ran up from 741 – 935 (intraday) or a gain of 27.3%.
It has since retraced half of those gains. 842 in the SPX cash is the 50% retracement of the rally off the 741 November 2008 21st low.
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