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Wednesday, October 26, 2011

SPY Fibonacci Fan lines to observe closely.

SPY 60 min chart with bull Fibonacci fan lines (wave 4 in orange) and what we think,could be, a bearish Fibonacci fan line in next days and maybe can give us some clues of supports and ressistances.
This is the way we work with fan lines. If king price, broke a ressistance,we move the fan line.

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