A Tale of the Target
For months, this region of the market has been a target ever since bottoming at 1340. Some of you thought I was crazy, and some of you tuned me out with such targets. Well, here we are. I provided you with a red zone box, which should drive home the significant resistance in this region. So, what is the market going to do now?
There's a potentially bullish count pointing to the next higher Fibonacci extension confluence zone. And, when the market has a possible bullish pattern set up like this, as ugly as it may be, it will usually gap up and over resistance zones like this....127 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.