Since christmas we are in a long trend. Apparently a continuation pattern is taking shape with a Flag.
The best idea is to wait the break through of the Resistance line and to buy when the market will retest this blue line, i think that it could happen in 0ne or two weeks time (during the NEXT FED RATE DECISION for instance..)
Meanwhile, i think we can make some little profit playing the fibo retracement. Like the 61.8 % LEVEL. Don't forget your stop loss .
I still consider we are in a long trend till 1216 is not break
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