Short
2013/12/24 - S&P 500 almost at 1.27 fib extension
The S&P500 is almost at its 1.27 fib extension (2007-2009).
This value on the ES is 1839. This mean another 0.6% increase before reaching this point.
I added an indicator to show the deviation from the 55EMA. This deviation is very big.
I think it is unlikely not to see any good correction in January.
This value on the ES is 1839. This mean another 0.6% increase before reaching this point.
I added an indicator to show the deviation from the 55EMA. This deviation is very big.
I think it is unlikely not to see any good correction in January.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.