developer.quant

developer.quant

With two times unsuccessful attempts in the recent months, the S&P 500 was unable to form a bullish candle above 3000 resistance zone. If the Fed rate cut and other fundamentals go against the stocks market a corrective wave is expected. the most important support line is the .0236 Fibo retracement level from the deeps of Feb 2016 which is located at 2739 which...

developer.quant

Due to recent earning reports, there might be upcoming selling pressure and momentum. Price is above MA 200 and %50 Fibo level, long term upward trendline still not broken.

developer.quant

Waiting to break the resistance zone on 19$