ChartPros Market Insights
Monthly S&P 500 Chart
Higher time frame analysis helps to paint a clearer picture and remove the shorter term intra day volatility. Once you begin to include this as a habit in your trading routine you may just begin to question the doom and gloom headlines every time the markets drop a day or two.
See our latest S&P 500 (/ES) Monthly chart layered with traditional bull low to high Fibonacci levels.
April 2 Chart of the Day - Gold
Gold (ticker /GC on Think or Swim) has been on a massive bull run making multiple new all time highs (ATH) since Thanksgiving time frame and now it's becoming almost a weekly occurrence.
We see all the headlines calling for Gold $3000 and even $5000... and while that's totally possible, price never moves in a straight line - and we all know that any market cycles up and cycles down.
We've had many requests to identify upside targets for gold, which is not the same as calling a top!
See what we came up with!