It’s been a great time to be a chartist, lately.  ES reached our 2.24 Fib target yesterday, reaching 2728.75 around noon and bouncing 40+ points to nearly the SMA200.  At the same time, AAPL came within .27 of its next downside target……and TNX came within 0.15 of its next downside target.But, it’s the factors which haven’t reached their targets which suggest there’s more fun ahead for the bears — that the current bounce is probably a nifty bit of misdirection.

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