Fibonacci: Have ETF Traders Been Unfairly Abusing Discretion? | Simpler Trading

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The $XLY Consumer Discretionary ETF has sold off significantly from last year's all-time high. Now, it's trying to hold multiple levels of measured and structural support. Is this just a dead cat bounce from oversold levels, or does it have additional upside?

David Starr
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Trading Online & Forex Online

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