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.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment