Friday morning, before the regular cash market opened, I opined that stocks were probably going to find support at their major Fibonacci levels. Well, I’d say that wild guess was spot-on……..
![](https://slopeofhope.com/wp-content/uploads/2024/01/esmin-640x515.png)
![](https://slopeofhope.com/wp-content/uploads/2024/01/ESFIB-640x442.png)
![](https://slopeofhope.com/wp-content/uploads/2024/01/RTYTY-640x436.png)
The bulls are the advantaged ones at this point. These levels MUST be broken for the bears to make headway.