View: 500hitting1929targetjune3.jpg (1576×730)
500hitting1929targetjune3.jpg (1576×730)
The Power of the Pattern shared on 11/25/13 that the S&P 500 didn't face stiff resistance until the 1,929 price level, highlighted in the chart above. (See post here) Why the 1,929 level? Two price points were meeting at this level, support dating back to the 1987 & 2003 lows and a Fibonacci extension level based upon the 1974 & 2003 lows.
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