There are times when markets reverse for no apparent reason and seem to defy any news that would support the direction of the trend. We call the this occasional event the "Fibonacci factor." This occurs when markets reach certain retracement levels and often reverse direction from their previous trend.
In this new short video I outline this phenomenon on the S&P500 and will also be covering it when our new educational trading video debuts this Friday, which will be of course, "Fibonacci Friday".
Enjoy today's video and let us know what you think. As always there is no charge and no need to register.
All the best,
Adam Hewison
President INO.com
Co-founder of MarketClub
