As you’re hopefully enjoying your Saturday, I want to bring you a quick market update because there are some interesting technical indicators I want to share with you.
I recently discussed the significance of Fibonacci retracements with members of Stealth Profits Trader, and I want to share a bit of that insight here as well. Now, I want to reiterate that I’m not necessarily convinced that Fibonacci numbers actually control market movements, but there are a lot of eyeballs on the market watching for these levels to provide support for the market, which can make them self-fulfilling prophecies. I’ll show you exactly where the next levels lie, and how to take advantage of them.
We’ll also take a peek at a couple of other markets which many investors use as flights to safety – namely the gold and oil markets – and how we can apply some technical indicators to anticipate their movements going forward.