A Trend Change Could Be Percolating
Keep your eye on the S&P 500, because it's coming up fast on a key Fibonacci time-cycle decision that might mark a reversal to the upside. As a general rule, these cycles can help identify time periods when a trend change becomes more likely. Similar to the way Fibonacci price cluster zones can be violated, Fibonacci time clusters won't necessarily produce a change in trend, but it remains worthwhile to be aware of these cycles. That's especially so if you run them on the daily charts, as they'll give you a heads-up for a possible intermediate low or high, depending on trend direction.
But, before we get to the S&P, let's look at an old example in Under Armour (UA) for an example of how these cycles can help in your technical analysis....368 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
