The hold of the 76.4% Fibonacci retracement at 884 is indicating a bounce in the ST back towards resistance at 1,007. The market may still be forming a reverse head and shoulders and a rally towards 1,140 - 1,150 cannot be written off.
Stock Charts - 76.4% Fibonacci on the S&P 500
November 12th, 2008 · No Comments
Tags: stock market
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