DiNapoli Analysis of Support Levels on the SPX

Kent Shaw Identifies Support Levels on the S&P 500 Index

Boy, the SPX just took a whack!  Not to worry, Kent Shaw has found support...maybe!

Kent has identified a confluence between the 38.2% and 61.8% Fibonacci levels.  The market penetrated these levels intra-day, but closed within between the two.  If you need further information about the DiNapoli calcuations, please refer to the 'Recommended Resources" section below.

Recommended Resources

Joe DiNapoli on Video
Teaching Everything You Ever Wanted To Know
About Fibonacci analysis and trading.

Fibonacci Trading Course
Money Management, Trend Analysis & Trading with
DiNapoli Levels.

Technical Analysis of the Financial Markets
How to read charts to understanding indicators and
the crucial role of technical analysis in investing.