Be Careful What You Wish For

About five weeks ago, when ES broke out of the channel it had inhabited since May 1, we noted that there were some very distinct upside targets which suddenly came into play.  From Just Two Things on Dec 16:In Fibonacci patterns, upside targets are something to which stocks can aspire.  But, they are also potential turning points.  So, what does it mean that ES just reached that important Fibonacci target at 3336.49?

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