S&P 500 Pivots
As we have discussed yesterday the market will go higher if the S&P 500 trades above the 1172 and 1174 levels and will find support between 1167 and 1168. The market traded between 1175 and 1166 indicating that the market is consolidating before finding direction.
We have discussed that the 1168 is a major support level due to the convergence of various Fibonacci levels on March 25th. On the S&P trend on the daily chart has been consistently upward afterward breaking through the 1140 resistance level in early March.
Today …
S&P 500 Pivots
The S&P 500 stayed above Thursday’s previous high of 1181.43 responding positively to Good Friday’s employment report. The market is just shy of breaking Dow 11,000 and should not have much resistance. Earnings season is approaching so expect anticipation to be high.
Today’s primary pivot point is 1184.63 so expect the S&P 500 to keep above the 1181 level as it is the convergence of the 144 Fibonacci moving average on the 5 minute chart as well as the 200 moving average. Thursday’s previous high as well as the …
S&P 500 Pivots
The S&P 500 has been consistently trading upward since early February 2010. The trend on the daily chart has been consistently upward after breaking through the 1140 resistance level in early March.
The S&P 500 stayed above Monday’s primary pivot level of 1184.63 and broke through the previous high of 1187.73. Expect the S&P 500 to trade lower if the S&P 500 trades below 1183 and trades higher above 1192.
The market should stay above 1184 and 1186 Monday’s trading range since it seems it has consolidated around that area. …
S&P 500 Pivots
We mentioned yesterday that there will be resistance around Tuesday’s previous high of 1192. The S&P 500 only reached a high of 1190 before being consumed with the consumer credit report declining $11.5 billion in February. The S&P 500 settled at 1182 level after it fell to a low of 1177 breaking last Thursday’s previous high of 1181.
Thursday’s primary pivot is 1183.10, which is Tuesday’s previous low. If the S&P 500 trades below this level then expect the market to go lower. The next support level is the …
S&P 500 Pivots
The S&P 500 started the day at the low around 1175 then soared to 1186.44 nearing Monday’s high of 1187. The market was boosted due to strong retail sales data as well as anticipation of next week’s first-quarter earnings season.
Friday’s primary pivot point at 1183 which is last Tuesday’s previous low. Expect the market to stay above the 1184 and 1187 pivot levels as it approaches the yearly highs at 1192. The S&P 500 has been trending upward consistently on the daily charts.
Summary of pivot levels:
1192: S&P 500 …
S&P 500 Pivots
The S&P started falling to a low of 1189 before ending the day up 1 to the 1197 level. On Monday the S&P 500 reached a new 52 week high of 1199 as the afternoon kicked off earnings season with the announcement of Alcoa. Alcoa ended up nearly flat on Tuesday’s trading.
Wednesday’s primary pivot is 1195. Expect the market to trade between 1193 and 1197. Any trading outside this range could indicate trend changes pushing the index to new intraday highs or lows. The S&P 500 has been …
fibonacci forex trading is one of the fundamental basis of many successful forex trading systems introduced today and being used by many professional traders. In this system, the trading is based on “number sequence” by which if followed properly, can allow a trader to earn billions of dollars every year. Traders can greatly benefit from the mathematical equation of Fibonnaci forex. This is for the fact that the oscillations observed in the forex charts wherein prices are visibly changing are known to follow Fibonacci ratios. Fibonacci ratios are close as …
If you’re thinking of to start trading in the currency market or you are already trading in these markets but not been able to make the income that you are expecting to make, then it is a better choice to switch to the best forex trading system, the FAP turbo to get better and decent profits. This Forex analysis concentrates on the grounds behind its exceptional growth to be the top selling product and which helped the investor to earn profits by trading in the FX market.
To be a …
