Nice fade this AM, and so far, the open has been the low of day. Probably all that stuff from me about not buying right at the open huh? There was a gorgeous setup right before the open that led to a nice pop int he first half hour.
Anyway, so far we are oscillating on the 78.6% Fibonacci retracement that was highlighted in last night's video.
As I finish this at 2:14 PM Eastern, we are trying to break out to a fresh high, but it's right at short term resistance. Breadth is getting better, as it shaved about 1/3 of its negative value, but it's still -1600s, which is anything but bullish.
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