Mid-week market update: How far can the market rally run? The S&P 500 weakened in January and bottomed last week. It has mounted a strong relief rally, but it is testomg a key Fibonacci retracement level at about 4590 and a resistance zone at 4600-4630.
Is this the start of a V-shaped market recovery, or will the market weaken to retest the old lows?
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Panic and bounce, what's next?
February 02, 2022 at 16:11 PM EST