A free collection of entry and exit signals to help the trader decide when to be long or short, or ride the sideway waves
Tuesday, January 14, 2014
2014/01/14 ES (SPY, SPX) at strong Fibonacci Cluster Support - will it hold?
After yesterday's significant sell-off, the E-mini S&P 500 Futures formed a large red candle that has reached an important Fibonacci support cluster. Today's price action will show if this support level can hold. If so, the rally might continue with upside targets in the 1852 - 1857 range.
Labels:
daily chart,
DIA,
DOW,
ES,
Fibonacci Clusters,
midterm,
resistance,
S&P 500,
SPX,
SPY,
support
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