DJIA and S&P 500 Index Retrace 50% of 2014 Range

By | October 13, 2014

The DJIA and the S&P 500 index have retraced 50% of their 2014 range, and the NASDAQ Composite has retraced 62% of its range. I posted this chart last week in hopes that the retracement levels penetrated today would have held, and there would have been some attempt at a bounce. This was not the case, perhaps this next set of Fibonacci levels will provide stronger support.

13. index fib chart

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