Are the markets soft his morning due to the news from Korea or does it have more to do with the “key fibonacci 61.8% retracement” levels that have taken 6 months to form?


Do we really know why the markets are soft or does it really matter???

I remain of the belief that harvesting up against key fibonacci resistance,when rising wedges have taken shape, remains a quality risk management strategy!!!

For aggressive investors, these key resistance levels provide a great entry point to score on defense! Yesterday I shared that a quality “TIME AND FIBONACCI” was at hand, BEFORE the Korea news!  (see post here)  

I continue to believe the “Power of the Pattern” is a tool that can help us inflate portfolios regardless of market direction.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past