At or Near Initial Daily Fibonacci Index Targets 09-15-09

By Mark Braun
15 September 2009 @ 09:22 am EDT

While we're focusing on upside on all index timeframes, let's be prepared for the possibility of pullbacks at the daily target extension. NQ has been hovering at the initial daily target for the last 2 sessions, and Russell made target late in yesterday's session. I'd like to see the S& P reach the initial target, and we're rather close to that, in order to consider these in a solid place for a corrective decline.

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