- S&P 500 has erased most of the gains.
- It is trading near 61.8% fib ratio of its recent fall from 1129 to 1039.
- If the day ends like this or in the red. The candlestick that's developing is also a bearish one with long upper tail.
- If the index manages to come back and trade above 61.8% value 1100 can be crossed.
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