I'm expecting for us to stay within the descending red price channel. If this is the case, than today we shouldn't close below 1062 or above 1086. A close below 1062 would indicate we are accelerating to the downside faster than the initial path of decline. As we can see we are hovering at the 38.2% Fibonacci level which just so happens to be September's Mid-Resistance #1 Pivot Point.
No I don't believe in coincidence.... :cheesy:
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