When the SP500 opens this morning it appears we have a bounce in progress. Is this the bottom...We don't know yet. But Mr. Fibonacci thinks so. With so much Fib Confluence down in this area, I have to say I'm leaning more so towards a bottom rather than a relief rally. Nonetheless, confirmation is required so we will wait to see what price tells us.
As of this morning we have no confirmation.
Best to All,
Chris