Here on Slope and on my tastylive show, I’ve been mentioning the tremendous sway that the Fibonacci Retracements have on the /NQ futures. Well, God bless ’em, they are performing as predicted.
Here you can see the stumble and fumble since the “Everything’s Great!” bromides from Powell last Wednesday.
Thus, over a period of months, the NQ has been persistently slapped away from this crucial Fibonacci level.
Some massive follow through would be fine by me.
