SPY 8/16 Fibonacci

The chart I posted yesterday was money, you have to go with the trend and believe in the fibs. Bad news is good news that’s the trend. Now I still believe that once we break the 200 day ma we will start to have a pullback we are over extended. On a another note I just finished the invisible hand by Steven Drobny it was recommended by Valerus_Forex and I highly recommend it to you great book lots of knowledge in the book. As always trade what’s in front of you good luck tomorrow have a plan and believe in yourself