Lets not forget how perfectly the HSI has moved.....in spite of everything!!
We have the price action holding support on the 0.618 Fib 4 times since August
August 5th
September 12th
November 28th and
December 19th
The HSI respects one of the most important Fib levels that every TA should use.
Price also finished above the 50 Day MA today too....if the HSI can continue this impressive set up and stays above the 50 Day MA then the new impulse wave as shown can play out....I like how the blue line aligns with the 1.618 Fib for Wave 3 too, making this a confluence level....seems oddly close to the inauguration day as well.
Jimmy J.
2024-12-24 12:31:07 +0000 UTC