BREAKOUT? MPC Fib Re-Drawn
Please compare this to my previous post where I had drawn the Fib retracement. I have redrawn this to capture the double bottoms. I was not sure if it could break out from it's previous fib level and so far this previous retracement model is holding up.
I have said this many times, but will say it again. MPC has a history of bucking the market and is doing so today. In fact, all refiners are selling off today. SPY is flat but not MPC, VLO, or PSX.
I have said this many times, but will say it again. MPC has a history of bucking the market and is doing so today. In fact, all refiners are selling off today. SPY is flat but not MPC, VLO, or PSX.
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