Based on the perfect touch of each fib on this move down, and a test and rejection of the support at 160.19, I will be watching the pull back make it's way to the 38.2, 160.52 and hopefully 160.72/76 area for the stall and short setup on this move.
Even though I think it will move up, I will not take LONGS against the trend, because it could collapse and take of south of the support we have right now and go down to the 15975 line for next support level.
If we get break south, I may take a short or two for fun, but the move I wanted is over for now, unless we get a push upwards here the next hour or two.
Ken
Even though I think it will move up, I will not take LONGS against the trend, because it could collapse and take of south of the support we have right now and go down to the 15975 line for next support level.
If we get break south, I may take a short or two for fun, but the move I wanted is over for now, unless we get a push upwards here the next hour or two.
Ken