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S&P Approaching Fib Level as well as Resistance |
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By Abdel Ibrahim
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October 25, 2011
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A quick look at the S&P market shows that we are approaching a key area of the market, not only because it is a .618 retracement area, but also because we have seen support at this area previously which could lead us to believe it may be resistance this time.
For more from Abdel including access to Ratio Trading’s video library, visit RatioTrading.com.
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Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.
