Today’s rally topped out at the 61.8% Fibonacci retracement level, to the exact point! It will be interesting to see if that is the top of the most recent rally.

Nasdaq

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3 Responses to “Critical Fib Reached”

  1. positiontrader Says:

    Great observation! I totally missed that…. That would have been the obvious place to short for so many reasons.

  2. Lioncub Says:

    I request Mr Positiontrader to kindly hold on for few more days before shorting. This week looks mixed with possible upside this thursday and may be friday too ( a little). End of day Thursday or friday will be definitely the BEST time to short, short and short.

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