Each candlestick from the market top on March 2000 shows one months price range. My long-term timing model is still in a long position since price closed above the red action line. Resistance is indicated 37.75 and support at 34.75. 34.75 is a key level because that's the forecasted end of November action limit for a sell under my timing model and is also a key Fibonacci retracement level. Currently, long-term trend is up, intermediate-term trend is down, and the short-term trend is up IMHO.
Regards, frenchee
#board-4258TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)
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