I am no good at uploading files but I have plotted the fibs on
the NQ Futures weekly chart in Tradingview. Presently we are slap
bang on the 61.8% Fib line of 14367. With such a strong move up it
is even possible that we could see the 78.6% Fib at 15423 reached
before the wheels come off.
mundy - first of all anything is possible. Fibs are to be
viewed as markers (like guideposts on a freeway). Respect the
trend until evidence changes.
Best way to think of stocks/indices is like that of an auction -
prices are set each day (demand and supply) and will inherently
change as new information/drivers come to light. Ever watch
the Antiques Roadshow? Some items from 10 years ago are now
higher and some lower - same thing with the stock market.
Dynamic and heavily impacted by LIQUIDITY. I posted about
liquidity before my trip departure as a reference.
I am no good at
Posted by mundy on 26th of May 2023 at 05:42 pm
I am no good at uploading files but I have plotted the fibs on the NQ Futures weekly chart in Tradingview. Presently we are slap bang on the 61.8% Fib line of 14367. With such a strong move up it is even possible that we could see the 78.6% Fib at 15423 reached before the wheels come off.
mundy - first of all
Posted by steve on 27th of May 2023 at 09:49 am
mundy - first of all anything is possible. Fibs are to be viewed as markers (like guideposts on a freeway). Respect the trend until evidence changes.
Best way to think of stocks/indices is like that of an auction - prices are set each day (demand and supply) and will inherently change as new information/drivers come to light. Ever watch the Antiques Roadshow? Some items from 10 years ago are now higher and some lower - same thing with the stock market. Dynamic and heavily impacted by LIQUIDITY. I posted about liquidity before my trip departure as a reference.
i should have read through
Posted by mundy on 26th of May 2023 at 06:11 pm
i should have read through all the postings. I do see that RMoore100, Simplemillion and Steve have also posted on NQ.