ORIGINAL POST:
I got stopped out of my shorts in the first few minutes this morning. Apparently we’re going to test the .618 retracement instead of the .500 before any serious back test occurs. There’s one .618 at 1358.56 (from 1415) and another at 1362.93 (from 1422.) I’ll take a fresh look at re-shorting there, though this is a pretty powerful push.
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