On our weekend Commentary, we said “…expect the UUP to retrace it’s recent gains to Fibonacci Cluster Support (21.72), which will coincide with a stock and gold stock rally.”
The UUP gapped down at the opening, approaching our 21.72 target. Actual low 21.86. Additional downside is likely after a short bounce, as a Bullish Squat formed at Fibonacci Cluster Support (21.91). See UUP chart below.
Gold and the stock market had spectacular rallies in the neighborhood of 3-4%.
You can learn our Fibonacci Impulse Strategies trading method at no cost.
Our training videos take about 4 hours to complete. If interested send
e-mail to pbsp@feargreed.com Att: Paul Mitchell
e-mail to pbsp@feargreed.com Att: Paul Mitchell
Bernie Mitchell
480 393 0671
