Tag Archives: Fibonacci retracement levels

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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Crude Oil Technicals Point to a Test of the July 2012 Lows

After a Fibonacci style retracement of 61.8% of the recent uptrend defined by the July low and the September high, crude oil technicals point to further weakness. However, readers should be aware that price action is determined by fundamentals and technicals only … Continue reading

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