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![]()
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Nine Lives, nice to see you having some fun with ol 41EMA...
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