SPs Hit S/T .618

3007 Holds for Now

SP500 Futures hit the .618 Fib off the EU open hitting a low of 3005 and now have bounced some 30 handles. It seems as if some decent buying has come in here which may set the tone for a short covering rally come NY session, or NY could bring the pain back, so will see, here is the chart:

-Magnelibra Econemotions

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