Pre Fed Fibs Fuel Emini Rally
Fibs Ahead of the Fed | How About After?
Monday morning we took a close look at the Fibonacci retracement on the hourly chart during our Live Daily Radio Broadcast. Based on the swing low at 1410.75 and the swing high at 1421.00, we determined the area that would need to hold on a pullback to keep the rally intact. Here is the chart -
S&P500 Emini Fibs - Hourly Chart