Posted by McFly1985 on 25th of Oct 2018 at 12:11 pm
@ mla217 - I'm hoping we make it to that 2nd IWM 60 min
resistance on your chart. With a near-equivalent move on the $SPX,
that would make today's move up symmetrical with the Oct 23rd
rally, hit the 38.2% retracement from the Oct 17 peak, AND hit the
61.8% retracement from the Oct 23rd peak. (In other words, watch
the 2,714/2,715 area :). We'll see if we make it though...
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@ mla217 - I'm hoping
IWM 60m
Posted by McFly1985 on 25th of Oct 2018 at 12:11 pm
@ mla217 - I'm hoping we make it to that 2nd IWM 60 min resistance on your chart. With a near-equivalent move on the $SPX, that would make today's move up symmetrical with the Oct 23rd rally, hit the 38.2% retracement from the Oct 17 peak, AND hit the 61.8% retracement from the Oct 23rd peak. (In other words, watch the 2,714/2,715 area :). We'll see if we make it though...