Stock Market Hit 100% Measured Move – Now What?
Looking at the S&P 500 E-mini Futures chart, the Fibonacci extension has reached its 100% fully measured move. So, where are we going from here? Another leg up, or will a deeper correction take place?
A brief synopsis of topics and charts I cover include:
- Will the Nasdaq reach its 100% measured move?
- For major trends, which index do I pay the most attention to?
- Why cash should be considered a good place to park money while the market picks a direction.
- Bonds are having a little bit of a pop.
- Gold is starting to pop on economic data.
- Having reached its 100% measured move, Silver looks to be consolidating and starting to move up.
- Miners, too, are digesting their recent moves and consolidating before their next move.
- Crude oil has a three-wave correction and is trying to find support.
- What is an A B C correction?
- What does it mean when the large caps start to stall out?
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Chris Vermeulen
Chief Market Analyst
TheTechnicalTraders.com
Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the interview date but may not be accurate in the future.