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13
Dec

Analysis of the indices for index options traders

We usually analyze the four indices in our weekly newsletter for our subscribers using a combination of technical tools. This week however, we present a simple Fibonacci analysis on the four indices:

  1. S&P [SPX] - showing a bullish read as long as we stay above 3613.83
  2. Nasdaq [NDX] - although oversold in the past few weeks, remains bullish above 12135.84
  3. Russell [RUT] - strongest among indices remains bullish above 1889.12
  4. Dow [DJX] - weaker than most indices remains bullish above 297.91

Supporting chart:



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