| PLEASE NOTE:
All information in the above box is taken from very reliable sources and very carefully checked before recording here.These are the important technical levels that i myself use to trade and for a very good reason-they are consistently good indicators.By making full use of this site and my archive site you should be able to trade making consistent profits if you apply good money management and trade with patience and discipline.I trade the S&P 500 because i find it trades very accurately within the technical levels and because it is the leading index in the USA;if not the world.
If you prefer to trade other indicies,eg the DOW JONES,simply use the above fibonacci ratios and +/- to the close of that index. NOTE: you should recalculate the ratios if the open is diferent from the previous close. (simply add/subtract the ratios to/from the open price) The BULL% and ^VIX quoted above apply to the NYSE (New York Stock Exchange) as a whole so again, you can use these figures. To obtain the PIVOTS (floor traders support/resistance levels) for the index you require, simply google pivot point calculators and you will find various sources online.I use the calculator at www.livecharts.co.uk which,if you type in the index/share symbol, calculates the pivots automatically for you.(For S&P500,TYPE IN ^GSPC). Another calculator is at: http://www.mypivots.com/ If you require any further assistance regarding technical levels,or indeed any aspect of trading,please feel free to email me at: tradersdaily@tradersdaily.co.uk | |
