This means that the Fib holding is still a major support level. And the resistance breaking is still the level that needs to break prior to this running and taking a short term position. This is why the chart still isn't showing any strength. We're in what's known as limbo, no mans land.
The SP will always move in pre defined geometric cycles.
The chart never showed the SP dropping. You need to read the posts. The chart shows weakness and I've been saying that for quite some time. If the chart was showing strength then it would have ran. Instead you had an announcement that presently wasn't sustainable due to weakness in the chart.
Have a nice day.
This means that the Fib holding is still a major support level....
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