The machines have done their job to get us to 1371.25 and we will see if they have the gunpowder to get us to the next one with such a big magnet at 1367.21.
Tuesday, February 28, 2012
ES Morning Fibs 2-28
We are running out of retracement fibs (red) so the one shown is from yesterday's lows to the globex highs so far. The 1371.25 100% extension is where this thing was headed all day and I figured the Europeans would get us there and they did. 137.21 is still the biggest number on the board and the biggest magnet. With help from the euro I had hoped the overnight might touch the 127% at 1376.18 but was a tall order.
The machines have done their job to get us to 1371.25 and we will see if they have the gunpowder to get us to the next one with such a big magnet at 1367.21.
The machines have done their job to get us to 1371.25 and we will see if they have the gunpowder to get us to the next one with such a big magnet at 1367.21.