Nice looking bounce, not sure if that triangle is gonna break up or down yet but the next week could see price hitting the .5 or .618 retrace.![]()
add 92.5............ avg 85 ,4.reduce 89.5(-7 5/8)
just a matter of patience, my boy
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volatility and the 100 pt drop have increased the risk in short positioning,fed easing has reduced the fear of fed easingThese giant range days makes one question their positions from time to time.
http://www.cnbc.com/id/101386402
"As a result, Gartman thinks the S&P 500 index could fall 15 percent from the high reached last week, testing the 1,475 level on the downside."
Gotta love the talking heads.