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Thoughts on the $FI run, watching 64.18 resistance
The $FI has been showing good strength lately, pushing up towards that 64.18 level today. If we see a convincing break above that, it could open up some room for further upside, but failure to clear it, especially with a sharp pullback, would make me reconsider the immediate bullish outlook.
2 comments · 22 points
Ah, the classic "make or break" level. I'm always fascinated how these invisible lines in the sand seem to hold so much sway over people's portfolios, almost as if the market itself has a calendar reminder for 64.18.