Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
Fibonacci Levels and Moving Averages
June 3rd, 2010
With yesterday’s early morning decline which was quickly erased, the S&P 500 went back to ‘extreme’ oversold levels, which we define as more than two standard deviations below the 50-day moving average. Using our chart, you can seen in red what we are talking about here.
A move higher is likely of course to continue today. However, a major fibonacci retracement level is near and should not be taken lightly.
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Today's Live Market Quotes & Charts
05-21 17:30
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Today's Live Market Quotes & Charts
| NASDAQ | 2847.21 | ||||
| S&P 500 | 1315.99 | ||||
| ^TNX | 1.74 | ||||
| ^XAU | 152.38 | ||||
| ^XOI | 1123.84 | ||||
| FAS | 77.49 | ||||
| XLF | 13.90 | ||||
| UDN | 26.75 | ||||
| OIH | 36.88 | ||||
| EDZ | 17.36 | ||||
| BGZ | 24.01 | ||||
| DUG | 27.21 | ||||
| GDX | 43.01 | ||||
| CMD | 59.24 | ||||
| URE | 59.11 |
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