The declining red line may still be the trendline to watch, I had thought maybe the $SPX was going to stop neatly at it's Fibonacci retrace, or had already topped. Clearly that's not the case, it still has some life left in it.
Update, I just checked, the .382 retrace on the $SPX is at 1014.14, so we are just a hair past it...Time for patience...
No comments:
Post a Comment