Thursday, December 29, 2011

Next levels to watch


S&P 1500 Tick chart, all sessions.  Purple line's are the current channel we are in, greenish lines are previous resistance levels from yesterday, and the gold line is the 62% Fibonacci retracement using yesterday's high to low swing.

We are right below the thick of resistance, but if we clear it, it suggests 1260 next.

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