Comments on: A Quick Look at the Current S&P Weekly Structure http://blog.afraidtotrade.com/a-quick-look-at-the-current-sp-weekly-structure/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Corey Rosenbloom http://blog.afraidtotrade.com/a-quick-look-at-the-current-sp-weekly-structure/comment-page-1/#comment-132913 Corey Rosenbloom Tue, 09 Sep 2008 17:31:02 +0000 http://blog.afraidtotrade.com/?p=2893#comment-132913 Don, I'll try to do so in a post soon, but the first 'line of defense' or support would likely be the large scale (2002 low to 2007 high) 50% Fibonacci retracement at SPX 1,171. That could also coincide with early 2002 resistance (becomes support). Beyond that, the 61.8% large scale retracement is at 1,076. This is just looking at the Fibonacci retracement levels. Don,

I’ll try to do so in a post soon, but the first ‘line of defense’ or support would likely be the large scale (2002 low to 2007 high) 50% Fibonacci retracement at SPX 1,171. That could also coincide with early 2002 resistance (becomes support). Beyond that, the 61.8% large scale retracement is at 1,076.

This is just looking at the Fibonacci retracement levels.

]]> By: Don Da Mon http://blog.afraidtotrade.com/a-quick-look-at-the-current-sp-weekly-structure/comment-page-1/#comment-132909 Don Da Mon Tue, 09 Sep 2008 16:59:29 +0000 http://blog.afraidtotrade.com/?p=2893#comment-132909 Can you present a what if scenario if the July 15th low is broken? It's better to understand it before it happens rather than after. Can you present a what if scenario if the July 15th low is broken? It’s better to understand it before it happens rather than after.

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