On the daily we broke the Fib Extension 61.8% at (blue oval). Trend may change to a 50% retracement lower at 171.09. Wait for the back test at the PP and take it lower.
Teaching family and friends to trade their retirement accounts for FREE! * Following the SPY for market swing trading directions. *Green Long's (stocks and retirement accounts), *Red Shorts (out of stocks and retirement accounts. *Comments are updated at the close of market once a day.
Thursday, November 7, 2013
Yellow Light - Warning
No trades today, we closed below the PP for the day and did not get a bounce. Tomorrow we will look for a back test of the PP and take it short if we get a bounce lower. Conservative pay for tomorrow is to wait until Tuesday (Monday market is closed) for the 3ed day lower, assuming the market closes below the PP on Friday.
On the daily we broke the Fib Extension 61.8% at (blue oval). Trend may change to a 50% retracement lower at 171.09. Wait for the back test at the PP and take it lower.
On the daily we broke the Fib Extension 61.8% at (blue oval). Trend may change to a 50% retracement lower at 171.09. Wait for the back test at the PP and take it lower.
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