Next Buying Opportunity coming?
4 HR Chart
Price fell right to a target on the 4 HR 21 ma over a 24 hour period. It has now bounced to the 61.8 of that recent decline. Fib analysis says that if we take out the recent low on the 4 HR 21 ma then target the extensions. Down by the extensions we'll have a W-PP, 55 ma, 38.2 fib of the last 7 day rally. Keep your eye on the 4 HR 5 ma, you can use the 5 min 233 ma to do so. If price stays below be confident. FOMC might be volatile or might not be today but watch for these areas for support to hold 'If' we get down there. The 21 might just be support as well so that keep in mind.