New Fibonacci Price Targets on December ES, YM and NQ 09-11-09

By Mark Braun
11 September 2009 @ 10:58 am EDT

Once we cleared all of the timing resistance on longer term index charts the rally resumed and actually picked up speed. This bodes well for more upside to come as well. On shorter timeframes, each time we've had intraday timing highs there's been little more than a pause, but timing support (timing lows) along with Fibonacci price support brought reversals to upside with new swing highs. That's additional confirmation that we're looking for a continued rally even on the intraday timeframes.

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