The month of November was a significant expression of bullishness in the markets, as the S&P500 knifed through the 261.8% Fibonacci extension with a strong monthly candle close to new all-time highs. Taking a longer term view, the technical tailwind appears to be supporting a run to 4500+ to the 461.8% extension – nearly 50%...Read More
In this video, I analyze the S&P500 chart, which is now meeting up with 20-year long term resistance and the upper bound of its year long channel, but is also breaking out above the 261.8% Fibonacci extension from the 2007 peak to the 2009 bottom in equities.Read More
As the S&P500 and Dow Jones press up against all-time highs, market prognosticators are split on whether we should expect a melt down or melt up in equity prices. In a recent interview on RealVision, Kevin Muir of The Macro Tourist and Tony Greer of TGMacro discuss the current market environment and delve into MMT...Read More
The S&P500 is trading at all-time highs relative to commodities. The commodities sector is therefore an attractive area to investigate for relative value and the potential for outperformance versus equities. In my research, the most compelling chart is the ratio of the S&P 500 to copper (a.k.a "Doctor Copper").Read More
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