View: es_01092014.png

es_01092014.png

ES channel bounce off lower trendline and 23.6% fib.

Comments

Add enough lines, and you are bound to see price swings everywhere. Price didn't bounce at that supposed "fib line", it bounced because the SPY filled the remainder of the unfilled gap left from Jan 7th. 1/9/14

HeadsUWin_TailsILose

Fair enough, though I don't have many lines on the chart - one set of fibs and uptrending channel. 1/9/14

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Posted

By: HeadsUWin_TailsILose
On: 1/9/14 9:13AM

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