No Reason to Short Just Yet

I want everyone to stop thinking in terms of who is a bull and who is a bear, about who is right and about who is wrong, and about whether the market crashing or going to the moon. All I want you to do is now is to follow Fibonacci Pinball and levels of resistance and support. That is it, because these will tell us all we need to know.

If we see a breakdown in one of the levels the market should be holding support through a third-wave rally, that will be our initial indications that we need to get out of longs and look for a short entry. But, until the market breaks a support level, there is no reason to be shorting just yet. Monday was a perfect example: Every support level we mentioned was maintained by the market, and it simply headed higher as it is supposed to do when we maintain the Fibonacci supports....580 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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