SPX500: How low will we go?
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Based off of the Fibonacci and RSI levels, looks like in the short to medium term we've topped out and are headed down. RSI broke below, retested and was rejected by lower trend-line indicating a deeper move to the downside. The question is now: will we see a move to the .382 ext. @ 3830 this week or will we get a move through the .382 to the .5 @ 2706. Feel free to let me know your opinion in the comments!
Note
RSI target at 36. The 36 level should indicate a bottom in the short term.
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