Tag Archives: Fibonacci retracement levels

S&P500 Approaching Key Level

Posted on March 17, 2020 by macromon

Just a quick heads up.  The S&P500 has already taken out 2750.10, the first key Fib retracement of the 400 plus percent long bull market from Mar’09 to Feb ’20, and is now approaching another key Fibo at 2351.91, which … Continue reading →

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2012: The Year of Stock Market Symmetry

Posted on December 2, 2012 by macromon

We were playing around with the charts on Friday night (‘cuz that’s what nerds do with their Friday nights)  and discovered something very interesting about the 2012 stock market.  The results are illustrated in the table and chart below. The … Continue reading →

Posted in Technical Analysis, Uncategorized | Tagged , , , , , | 6 Comments

Dow First to Regain Footing

Posted on April 17, 2012 by macromon

If the Dow can close here, up almost 200 points, it will be the first major U.S. equity index to regain its footing and close above the key .618 fibonacci retracement of the recent correction.  The other indices are just … Continue reading →

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Is the correction over, Mr. Fibonacci?

Posted on April 12, 2012 by macromon

Wow!  Who said this business was easy? After clear breaks of their short-term uptrend and 50-day moving averages,  the major U.S. equity indices have staged a powerful two day rally off their Tuesday intraday lows.   Many were caught off guard … Continue reading →

Posted in China, Equities, Technical Analysis | Tagged , , , , , | 4 Comments