Archive for Fibonacci
Technical Analysis, how much do you use it?
Posted by: | CommentsDear Reader
I am currenty writing a book and recording the multimedia Trader Academy Pro Training course, which will be absolutely unique. However while I am tuning the content I have a question for you ! Technical Analysis, how much of it do you actually find useful or use?
There are so many theories and tool sets out there!
- Japanese Candlesticks
- Bollinger Bands
- Envelope Channels
- Moving Averages, MACD, RSI, Stochastics
- Momentum, Rate of Change (ROC)
- Sentiment Indicators (Market Vane for example)
- Dow Theory
Using Fibonacci Retracement S&P 500
Posted by: | CommentsIt would seem that the S&P500 breaking through the 1000 barrier only lasted 7 days. During this period we have seen significant indecision and a move of some key important indicators to the downside.
In the chart below you can see.
- RSI in a negative divergence since the start of August.
- Rate of Change (ROC) negative divergence since the start of August.
- MACD in negative territory (below the Zero Line) and looking to stay there
- Price moved strongly below the 10 & 20 Day Moving Averages
- Also the move below 1000 on heavey volume (remember the lesson on volume)





