- Dow jones had no problem in crossing the 50% fibs.
- It made a gap up above the crucial level.
- Now this 50% retracement level should give it good support.
- If dow closes above this retracement number it will be very positive news for the bulls.
- And under normal circumstance the 61.8% retracement should be the next target or the next resistance. I should say target because nothing seems to stop the market for the last two weeks.
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