What a bizarre day. It looked like, in the early going, it was going to be Bear Revenge day for the travesty of Monday and Tuesday. In short order, the bulls came absolutely roaring back. I will point out, with no small degree of interest, that the /ES got almost precisely to the major Fib and then slipped.
The above chart is a minute bar; the weekly, below, provides a more potent message.
UPDATE: Whoops. There it goes. Fib crossed about an hour before the close.
