With $SPX suffering a further correction of -2.6% as investors begins to worry about rising yields where the benchmark 10-year U.S. Treasury note briefly crossed the 1.6% level, $RES rallied a further +8.31% to close at it’s 52-weeks high at $6.39. The total cumulative rally from the breakout of its 3 months trend channel stance at +39.33% in less than 19 trading...
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Use the low of .04982 ; use the high of .92756 & project out from there and these critical levels present themselves acknowledge the strength of these gann levels manage your own risk gl hf xoxo snoop
I'm longing @ approximately 9.71 with a long term target of at least 13.00 Tight stops. Arguments: 1. Expanding diagonal identified (zoom out). 2. fib relations are respected in individual ABC waves. 3. 5th bearish Elliott wave withing wave C soon completed. (minor EW 1-5 as shown on chart) 4. Bullish divergence noted on the RSI charts 5. Volume and price action...