S&P Analysis Follow Up
Turns out that I wasn’t the only one spending my time trying to analyze the S&P yesterday. INO Market Club (a site sponsor) just uploaded a free video using even more detailed technical analysis than I did. In it, the author uses candle stick and volume analysis to identify the likelihood that sellers have overtaken buyers for control of the market. Further, through the use of Fibonacci Retracements, he also elaborates on the target support areas to watch should we see our recent trend reverse. Pretty interesting and I do recommend it for those who are interested in how short term-to-intermediate term technical analysts assess market supply, demand, and trend characteristics.
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