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E-Mini--Friday, December 2, 2011

A quick update of a pattern noted yesterday

After trading around the 2.618 Fibonacci target level, we have traded up to the next minor level (around 1258). In the few hours that have passed since the European open this level seems to have (at least temporarily) capped the advance.

The next major level up (Fibonacci 4.236) would be around 1279.

111202-0530-es-1hr.gif

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