Browse Stacks: Analytics: tf_Monthly_Feb082015.jpg

Why does the /tf not hold 1200 with any conviction? 

The Fibonacci Grid/Voodoo Line off the the March 2009 low shows 1190 as the 4.236% fib projection, and the major end of move target. 

Note how trade above 1190 has not lasted for long on the higher time-frames where the whales lurk.