Again, not a fib guy, but I do like to watch out for them because it is very easy to program a computer to buy at x% of low day.1 to high day.1 NQ usually goes more than halfway back to the 61.8 which happens to be 7621.50, which if you look back to the posts from yesterday was a significant level. Right now, NQ 61.8 front run buy a 1.25 points. ES fighting to hold that stupid 38.2, YM sitting there waiting for the other two to get it over with and start the rally again. I'd feel a lot better if ES tested 2900 in RTH - both times it was sold before today occurred during Globex if I am not mistaken. It is our market, and we US traders ought to have a chance either to buy it or sell it during our own dang session ... imo ... EDT: NQ fills the gap but YM holding strong
"Is this thing on ..." lol ES I'm looking for a low around 2901.25 if 2900 isn't to be seen, and I expect it close to the noon hour. If not by then, then my hypothesis is that the low, as well as the fix, is in for the day. 2900 +/- is the bull above/bear below line in the sand for me. NQ low is likely in, and for the YM as well. Very much acting like a bull market, imo. All imo, of course.