This week areas I will be looking at are ,firstly the last move up ,the 38% fib for possible consolidation at 4322,
S1 at 4300,+ 50% fib at 4287
38% fib at 4206 on 4hr chart
S2 at 4135 long tail big move up +50%fib
S3 at 4068 long tail+61% fib just below
S4 at 4011
R1 at 4436 last hi, big bear line
R2 at 4480 area with down channel just above
R3 at 4566 area
R4 at 4640 area
will the news finally start to take a back seat I doubt it, possible Moody's downgrades defaults American dept ceiling danger every where with no timing notice, ah,well that's trading
Good luck and tight stops Dave.
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