Charts I’m Watching: Jun 27, 2018

SPX’s backtest of the 2.24 Fib extension and channel top was meant to establish strong support.  So, it was surprising to see futures dropping like a rock overnight.  Did the Masters of the Universe somehow miss the message that there would be no further drops this week — the final few days of the quarter and half-year?

Not to worry.  A quick news release, and 25 points later all is well in the world again.continued for members


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