What a bizarre day, huh? After the FOMC announcement, I received excited that we would even have a giant pink day, however it was to not be.
What I can say, nevertheless, is that trying on the , there definitely appear to be some fairly a little bit of essential across the Fibonacci retracements, that are performing as attractants/help/resistance. Right here is the weekly chart:
Particularly, the extent in query is 4245, which has, in current weeks, been fairly a “draw” for value motion.
In case you don’t suppose one thing as crude as a weekly chart, with anchor factors which can be actually years aside, issues, I give you this minute bar graph of right this moment’s motion.
So, yeah, that was a heartbreaker, however at the very least now we have some sense as to the place that help got here from.
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