View: spxfe_12212013.png
spxfe_12212013.png
Going back to a long term SPX chart, I noticed that the 1.272 fib extension was hit on Friday. Not sure how meaningful it is but have read this level tends to be an area of consolidation before continuation/reversal.
Comments
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http://cdn.socialtrade.com/comsys/imgs/2013-12- 20-TOS_CHARTS-png-mp_SdWrja_m.png a nice drop would be to 1735 spx