2702.78 is the retracement levelThe S&P index has reached a high of 2701.86. That is just shy of the 50% retracement of the move down from the January 2018 high at 2702.78.
The index is back down at 2697 currently.
The 50% is a key barometer for bulls and bears. A move above would be another step in the upward direction. Staying below would keep the bearish potential alive.
Long live cryptocurrencies? Five insights from the ASAC Fund