AMEX has been on a short term pull back since touching the temporary low of 85.75. After spending two days hovering around and trying to break through 89.75, it was rejected twice.
This 38.2% is one of the potential pull back and reversal level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.