As the S&P and global indexes slide through critical support levels the key question amongst professional traders is will the Fibonacci and trend line support levels on the S&P 500 hold. A cluster of support from the 100 day MA ,22.3% Fibonacci retracement from April lows and trend line support on the larger time frames all combine right around the 1,947-1,955. Will they hold against the geopolitical event putting the market under pressure. John Seville of Acorn Wealth reviews this question along with 5 potential trade setups including some short setups on NTRS, PCRX and GNTX as well as long watches on SBLK and SLH.
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