Kelly 10:21 am on Tuesday, December 13, 2016
Tags: Market ( 69 )

#Market Wow, S&P up 20….

Wow, S&P up 20. Bulls are flipping the bird to the FED today. We’ll see who is flipping the bird tomorrow. $VIX up with the market, people are buying puts.

fibwizard 10:31 am on Tuesday, December 13, 2016

Sell into strength, buy into weakness…just make sure you know where the supply and demand lines are at…I bought the weakness at the turn on 12/5, and sold today as we near the 2280, I see fib resistance at 2280-2285 area…so I figured I’ll take my profits on my long calls today before the bounce …
- fuzzballl 10:46 am on Tuesday, December 13, 2016
  
  Any chance you could post a chart example of your Fib analysis. I’d like to learn more…
  - fibwizard 11:04 am on Tuesday, December 13, 2016
    
    Fuzzy, Blue lines are Fib Retracements, Yellow lines are previous R/S, the purple lines are Fib expansion that I use as price targets or reversal points..the line I quoted earlier is at 2287…we are just south of that by a few points..the vertical dotted lines are expected reversal turns as indicated by my indicator trio…we turned up on 12/5, my green line is on 12/6…
    - fuzzballl 11:05 am on Tuesday, December 13, 2016
      
      Thanks!