"Platitudinous rubbish" . Oh my, I think I'll take that as a compliment!
@easysell I think the less I say the better as it upsets all those from the reservations. So this will be brief unfortunately.
Now as it hasn't closed below the 8ema, I'm reluctant to put a fib rack on it but as I won't be here much, I'll post one in advance. However, I stress that this retracement level chart is NOT relevant until the SP closes below that yellow 8ema heading towards the bollie median line and MACD crosses to the negative.
Now you can get an idea of likely retracement levels from this chart below. See from the highs in September of last year the SP retraced between 50-62% which is a very popular level of retracement.
There's enough platitudinous rubbish for one post.
All the best with it.
Cheers.
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