The market this week reminded you to pay attention to the Price before you listen to the news. The S&P has been frozen in correction most of the time and rallying from Fibonacci Reversal Zone (see image below) whilst CNBC were proclaiming a collapse of the markets. AMZN had been collapsing from $500 per share from a Fibonacci Reversal Zone despite excellent earnings but currently frozen in correction between Fibonacci Levels.
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S&P Fibonacci Bullish Reversal Despite Bearish News