The Fibonacci level at 4186 is holding like mad. No matter how bad the news is, there’s a massive bid (probably emanating from the Eccles Building) keeping this thing above the stone butte.
Part of what has powered the market so high is the bounce from the regional banks. I daresay this “up 20% every day” thing is coming to an end today.
Bonus chart: can the exchange just put WeWork out of its misery? What a farce.
hh
