The S&P 500 is trading at new highs. GBPJPY is highly correlated to the S&P 500, but has not broken out of a triangle. GBPJPY has just rebounded from the daily 23.6% Fibonacci level which is bullish.
The Standard & Poor’s 500 Index may climb as high as 1,350 next year, according to Christian Bendixen of Bay Crest Partners LLC, who uses the Fibonacci system to forecast stock prices. The New ...
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