Sorry, but I'm not a Fib trader, nor am I convinced to this day of its magic so widely touted by other market wizards. It's too damn arbitrary in my opinion. However, I agree with you that there is a support at 1175-ish that requires attention. Nevertheless, I'm quite certain that this market will get dragged down lower (read: raped) more sooner than later. But what do I know, I'm just a noob.Quote from pulsescan:
I see 1172.50 as a 50% retracemet off the highs.
If we break that then we could test the 800's. We came pretty close during 9/11
Quote from saliva:
Sorry, but I'm not a Fib trader, nor am I convinced to this day of its magic so widely touted by other market wizards. It's too damn arbitrary in my opinion. However, I agree with you that there is a support at 1175-ish that requires attention. Nevertheless, I'm quite certain that this market will get dragged down lower (read: raped) more sooner than later. But what do I know, I'm just a noob.![]()
And speaking of noob, I too had my days of overactive bladder on steroid coupled with sweaty palms. Some jittery moments.![]()