mjmassens

SP 500 JUST CLOSED OVER DECADES LONG FIBONACCI LINE

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
HEAVY RESISTANCE AT 3846.75, A FIBONACCI PATTERN DATING BACK TO THE DOT-COM AND GREAT FINANCIAL CRISIS ERA. THE FEDERAL RESERVE IS CLEARLY PUMPING ENOUGH MONEY INTO THE SYSTEM TO GET US BACK OVER THAT TREND LINE, AND DEPENDING ON HOW IT IS DRAWN, IT SEEMS WE HAVE JUST HAD THE BREAKOUT OF A DECADE. NEW BULL MARKET INTACT? FOLLOW PRICE, NOT YOUR EMOTIONS...
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