Sunday, June 1, 2014

Stocks Eke Out New Highs While Currency Traders Continue The Low Volatility Paradigm

If you are into fibonacci ratios and trading (I am) then the chart above which is the weekly S&P 500 suggests that the next big resistance level is 1,967 which is the 1.382 extension of the November 2011 till September 2009 move. It is a little speculative but we'll see



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