We have a long term 3 drive pattern that has hit the level. I thought we had the signal on Friday but a big rally into the close could give us the sell signal Monday.
The last major turn came after the previous 1.618 although it didn't quite hit it. If the market heads higher from here it may go parabolic.
Watch Monday for a shorter time frame entry to go short.
The last major turn came after the previous 1.618 although it didn't quite hit it. If the market heads higher from here it may go parabolic.
Watch Monday for a shorter time frame entry to go short.
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