3min chapter

Forward Guidance cover image

The Technicals Are Bearish | Katie Stockton

Forward Guidance

CHAPTER

How to Identify Support and Resistance Levels That Might Hold Importance

S&P 500 at 3500 or thereabouts is a key level based on something called a Fibonacci retracement. That 50% retracement would be sort of a natural area for buyers to step in if indeed Were to see a market shift from the bear market cycle into something that's more bullish. The secular bull trend were to resume we suspect that it's actually in jeopardy of breaking by the way our indicator setup works.

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