InvestorsHub Logo
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

Re: None

Thursday, 08/11/2011 2:38:52 PM

Thursday, August 11, 2011 2:38:52 PM

Post# of 51804
US Markets are definitely in a corrective rally.

The past 3 days of trading broke to the right of the waterfall channel. The SPX needs 4 to 6 days of sideways movement for a Fibonacci time ratio, and retracement to 1200 - 1250 for Fibonacci price ratio.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.