Welcome and thank you for visiting!

The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.
NEW SERVICE: I'm pleased to announce the launch of my new service as a Certified Professional Life Coach...please check out this page for details and updates.

Hallowe'en

Hallowe'en

EVENTS

Earnings Calendar: Courtesy of Yahoo! Finance
Fed's POMO Schedule: at this link
Wednesday, October 29th @ 2:00 pm: FOMC Meeting Announcement

Sunday, 27 November 2011

Fibonacci Confluence Zones on the ES

Below is a Weekly chart of the ES. On it are four sets of Fibonacci drawings (one Fib Retracement, one External Fib Retracement, one Fib Extension, and one Fib Fan Lines). I've shown Fibonacci confluence zones, if price were to continue falling (at some point), as follows:

1st level: 1068 - 1100
2nd level: 984 - 1020
3rd level: 900 - 936

Possible targets? Yes. Probable? Time will tell.