We’re stalling out a bit right at our first measured move target from this morning. It is odd, Nasdaq making new highs like this while most else lags. But, I suppose it has been the opposite enough times, what with the Nasdaq not ATH’ing alongside its comrads.
These measured moves are based on the fib extensions of the last major rotations. Essentially it’s a way of visualizing where buy stops may exist.
Check it out:
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