ultimate short friday?, page-81

Nine Lives, nice to see you having some fun with ol 41EMA :)))


Heres a few thoughts on SP500
Broke to the upside and then corrected to the trend line and te 41ema. The recent high is also very strong resistance from the 02/03 period before it finally pushed north, so was bound to play a part in this rally thus far and one could hardly expect it to take it at first attempt.
Red Lines supports
Above is 38.2% of the decline and seems a likely target this year if not in the next few weeks, seems a few other trend lines and fibs like the area too.


Regards
Rob