Thursday, February 26, 2015

Green Light

The bar on 12-18 is a real trade so we must consider using it in our Fibs.  Some times you get fake bars from data corruptions.  Not this one.  So you can see we did get a 50% retracement close to the 197.46 and now we are moving higher.  Look for a double top at 213.98 and wait and see what the market will do.  It can reverse and go down, sideways or break back test and move higher.

Watch list today: MELI, MWE.  Looking for a pull back for an entry.


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