S&P 500

Looking at the bigger timeframe here ,
im expecting the index funds will drop more to the last support or at the 50% fibo retracement ,
as you can see , there was a few rejections on the 200MA and bounced back up when it touched to the 200MA in the weekly timeframe, that i circled in the chart right there .
hopefully we can expecting the same scenario and waiting for the bull market to kick back in .

Let me know what you guys think about the current market situation .