Good morning, and Happy Friday, everyone! Well, our friend the Fibonacci is continuing to do God’s Work. You can see how this important level has transformed from support to resistance on the /ES after a brief phase-change. Last night’s peak almost perfectly touched this sucker.
On a daily scale (below) as opposed to the minute bars above, you can see what an important mutation this is.
We have already enjoyed it on the NQ.
And speaking of mutations, Lauren is gazing upon the absolute zaniness of Amazon post-earnings. First it’s up big. Then it’s down big. Then it’s up even bigger and, weirdly, just stays up. All of which is a spoiler alert for her forthcoming honeymoon.
