Tuesday, February 24, 2009

Chart of Interest - IEF

IEF - 2009-02-24 201652 - 1w

What do I see?

  • Resistance become Support at $92.75-ish level (see white line.)
  • A higher Support was formed at $93, which happens to be the 50% Fib. from June low to December high

Action Item(s)?

  • None at the moment
  • But may consider Long using $93 as Support

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