Back again at this 296 level 1.618 you have-- this would be the 4th test of this level.
elp
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I'm not to keen on shorting the markets when the FED is pumping away. However, I wouldn't be an avid buyer up here either. Price doesn't like to stray that far away from its daily 20-period mva, and I wouldn't be surprised at all if the market pulled back to it.
kingmidasLXIX
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nice take on the market ! what tools did you use to create to visualize your price action on the chart?
PKA
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@kingmidasLXIX, I used historical price action from the past.