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Friday, April 26, 2024

Strong relationships and strong resistance

Strong relationships and strong resistance

Courtesy of Chris Kimble

Fibonacci continues to be a "strong force and has a key relationship" to the 500 index.  Below is a big-picture and a close up of the current action over the past couple of weeks. 

 

CLICK ON CHART TO ENLARGE

Suggested earlier to pick up SH with a stop 1% above the resistance at (1).  Not a Bull nor a Bear, just testing to see how strong falling resistance really is! 

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