Giuseppe Basile, CSTA/IFTA
FibStalker Trading
Summary:
We reviewed a number of Forex pairs and you can review the considerations in the video. If prices will keep sliding, opportunities will not come from daily or H4 support/resistance lelves, but rather from participating in the markets, and actively managing risk, at the Euro and US open.
The S&P500 has been pushed lower first from profit taking at 1,966 and then from participation of shorts that are positioned from 1,953 higher. Below 1,918 price is due to test the 1,908 for a test of the bulls.
If that area is lost too 1,885, is the last resort. Below that price could revisit and, potentially break recent February lows.
We will see what the market brings.
Have a great trading day
~FibStalker
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