Fibonacci Levels on S&P 500 Futures Agree with Fan
In a previous post, I discussed using a Fibonacci Fan to predict some levels the S&P might seek if and when we do see a correction. To make it clear, I'm not bearish on stocks. Eventually, we'll see a correction, and it'll be 'YUGE', but I doubt it'll happen any time soon. The reason I've posted this is to show you new traders that if you're doing it properly, Fibonacci Levels should agree whether garnered from the fan, retracement levels, or extension levels. Hope this post helps anyone seeking to improve their Fibonacci skillz! Good luck and good trading!
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