It seems that SPY made a candle formation today. Doesn’t that mean it should go back up?
But wait, I have some great news for the Fibonacci crew.
Did you guys notice this?
If you start at the lowest low in recent swings, and draw the line up to the recent swing high…
Are you fib lovers ready for this?
You are going to love this.
Going from the low to the recent high and drawing the fib retracements…
Todays’s low (and reversal) WAS EXACTLY AT THE FIB LINE!!!!!!
FIBS HAVE MAGIC PREDICTIVE POWERS!!!!!!!!!!!!!!
THE UNIVERSAL MATH OF NATURE AND SEASHELLS MAKES MONEY IN THE FINANCIAL MARKETS!!!