Market Hit Selling Climax 市场达到抛售高潮

The S&P 500 index has recovered 2/3 of the morning's 112 point down draft. The selling reached climax moment when number of down stocks is 9 times up stocks.  It's a classic tail reversal.  This bounce may last a day or two. Target is the 0.38 retracement level of the total drop from the top. Upside target for the S&P 500 is around 3155.  Support is 200 day moving average 3047 level. This move is technical oriented beware of further coronavirus bad news and be nimble if trade up.

标普 500指数已经恢复了早盘112点跌幅的2/3。当下跌股票对上升股票达到9倍时，卖出达到了高潮而导致反转。 这是经典的长尾反转。 这种反弹可能持续一两天。 目标是从高点下来的整个跌幅的0.38回撤位。 标普500的上行目标为3155。支撑位为200日移动平均线3047水平。 这次反弹是技术性的，谨防进一步的冠状病毒坏消息，如果炒上要非常灵活。