Wednesday, March 20, 2013

Fibonacci Ticks 233-6765

Price lifted in the afternoon with the Fed announcement and an inclining set of MA's. The 6765 tick chart gave prices a final bump higher that coincided with Bernanke's appearance. Tomorrow prices should be under pressure as we have overhead resistance from the MA's on all of the tick charts.Sellers stepped in forcefully and took us back under our line in the sand at 1550.