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FIBOCALL: The S&P futures

How many has said the following recently? “ I am looking for a pullback to the 50 DMA”, “I am looking for a 5% pullback”   The S&P futures (e-minis) ticked @ 2733 which was 5% below the 2875 high. The S&P futures 50 DMA @ 2716.80 The lower end of our bounce zone @ […]

By Market Rebellion · February 5, 2018
FIBOCALL: The S&P futures

How many has said the following recently?

“ I am looking for a pullback to the 50 DMA”,

“I am looking for a 5% pullback”

 

The S&P futures (e-minis) ticked @ 2733 which was 5% below the 2875 high.

The S&P futures 50 DMA @ 2716.80

The lower end of our bounce zone @ 2748.31

I am looking for the WEEK to close higher.

I would look to be a VWAP buyer of 25% today ABOVE 2748.30 or closer to the 50 DMA .

If you wanted to wait to  SEE if the S&P can CLOSE above 2748.30, that is fine also.

 

S&P futures daily chart