Stock market's hidden clues may point way for prices

Fibonacci Forecaster Weekend Review & Preview

So at the end of the day, the SPX is challenging the peak and could spend all week on either side of the line. The Greenback is testing all prior support going back to September and is locked in a big trading range. The stock market appears to want to go higher but should hit some unanticipated turbulence this week due what I’ve just shown you in China and a potential floor for the Dollar. The long term equity situation remains bullish but the near term is getting extended. There are excuses for bears that are not committed to the long term to start coming in. Its almost not a matter of if but when.

fibonacci, market chart 

fibonacci, stock index

About the Author
Jeff Greenblatt

Jeff Greenblatt is the author of Breakthrough Strategies For Predicting Any Market, editor of the Fibonacci Forecaster, director of Lucas Wave International, LLC. and a private trader for the past eight years.

Lucas Wave International (https://www.lucaswaveinternational.com) provides forecasts of financial markets via the Fibonacci Forecaster and other reports. The company provides coaching/seminars to teach traders around the world about this cutting edge methodology.

Comments
comments powered by Disqus