I thought I would have some fun with SPY using fib retracements so we can see the power of these numbers on the charts from 1993 to current day. I've used three fib retracement here. --- #1 - The first is the 1993-2007-09 run . ($42.81-$157.52) Note the .786 low in March of 2009 came within pennies of the retracement number along with all of the other...
Hello everyone - This is my first Tradingview publish and I want to share with you my thoughts since we have recently broken the .618 retracement from our June 28th highs. (My publish is a 2 day chart with the 700 day MA as the 200 Week MA for a larger context) As we currently continue battle with it the .618 area my I wanted to share my ideas of why I'm...