Posted by DigiNomad on 8th of Jan 2024 at 02:53 pm
We were expecting a rally, but every big ignition day we've had
in recent memory was sparked by news related to Gov spending... at
least loosely (Yellen, then Powell, now Congress). All Gov spending
rallies have gone further than anyone expected. Not much
reason to think it will be different this time.
Think of Fibs simply a mile markers - today's action has been
trend day with no reaction on any markers as yet - the channel
break set the move in motion.
This was supported by lower yields and US Dollar today
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Appears we are at the
Posted by rmoore100 on 8th of Jan 2024 at 02:44 pm
Appears we are at the 61.8 retracement from the start of the downtrend in late December. Is this a hesitation level ? Thoughts ? Thanks
We were expecting a rally,
Posted by DigiNomad on 8th of Jan 2024 at 02:53 pm
We were expecting a rally, but every big ignition day we've had in recent memory was sparked by news related to Gov spending... at least loosely (Yellen, then Powell, now Congress). All Gov spending rallies have gone further than anyone expected. Not much reason to think it will be different this time.
Yep - bring out Spanky
Posted by steve on 8th of Jan 2024 at 02:53 pm
Yep - bring out Spanky
Think of Fibs simply a
Posted by steve on 8th of Jan 2024 at 02:49 pm
Think of Fibs simply a mile markers - today's action has been trend day with no reaction on any markers as yet - the channel break set the move in motion.
This was supported by lower yields and US Dollar today