Tag Archives: Fibonacci retracement levels

Gold Testing a Crucial Fibonacci Retracement Level

After a 61.8% Fibonacci retracement of a three-year rally, a base for a rebound was formed near 1,150 and prices are now testing the 50% Fibonacci retracement level near 1,300. This is a crucial test and its outcome will decide … Continue reading

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Strong Attractor in Action Pulling S&P 500 Down

The attractor is formed by the 200-day moving average and the 50% Fibonacci retracement of the up move from the lows of October and it is found -2.15% below yesterday’s closing price. If this attractor is tested, the net loss … Continue reading

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The Good, the Bad and the Ugly Scenario for S&P 500

There is almost always a good, a bad and an ugly technical analysis scenario. Even if it does not exit, we can always make up one.  In the case of S&P 500 it offers three possible support levels at 0.75%, … Continue reading

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Another V-Bottom in S&P 500?

After a 61.8% Fibonacci retracement of Thursday’s high-low range on Friday, the S&P 500 may be preparing for another V-bottom and new all-time highs. This year we had 3 major V-bottoms in the index and last year there were 4 more. … Continue reading

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SPY: After a Dance with Fibonacci the Real Test is Coming

After getting trapped for two days inside a channel defined by the 38.2% and 50% Fibonacci retracement levels of the rally that started last February, SPY is now getting ready to face the challenge: Resumption of the uptrend or start of a downtrend? If you … Continue reading

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Gold Rebound Continuous to Key Retracement Levels

The popular gold ETF, GLD, after reaching a low of $114.68 in June of this year has rebounded to the 38.2% Fibonacci retracement level of the downtrend that started in October of 2012. Prices are now in overbought territory and at strong … Continue reading

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A Few Technical Levels Stock Traders and Investors Should Be Aware Of

Fibonacci retracement levels have been playing an important technical role recently due to the fact that they reflect the mass behavior of the creators of the robots that generate about 50% of the volume of the stock market. Actually Fibonacci levels are in … Continue reading

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