Friday, December 12, 2014 4:59:44 PM
Another look at the 5 Min. SPY with Fibs extensions, from previous channeling areas:
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Day traders must love that 1.618 level...at least for the time being, here with SPY.
A 1.618 extension from this level, assuming the close forms the bottom of a new temporary price channel, would put this price below the only support shown on this chart - the start of aforementioned gap fill.
.png)
.jpg)
Day traders must love that 1.618 level...at least for the time being, here with SPY.
A 1.618 extension from this level, assuming the close forms the bottom of a new temporary price channel, would put this price below the only support shown on this chart - the start of aforementioned gap fill.
.png)
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