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Range Compression and Narrowing in TLT Bond Fund

TLT is showing a notable contraction in price and a compression between key daily moving averages that is worth watching for a breakout move. Let’s take a look at the daily chart to see this squeezing structure

Fun Intraday SPY Fibonacci Confluence Grid Feb 8

It’s hard to come up with a good title that gets you to read a post about “Fibonacci Confluence,” but it’s an important and useful tool you can learn - if you haven’t already - that can help you uncover possible targets for intraday traders to play for, and also areas of hidden resistance (or support) that sets up a reversal trade when combined with other indicators.

Long Term Monthly Fibonacci Levels to Watch in the NASDAQ

Per a reader’s comment, I wanted to show a quick reference grid of the NASDAQ Index stretching back to the 2000 peak above 5,000 and show three dominant Fibonacci Grids to watch as price moves into the future. Let’s see the 10-year grid, starting with the 2000 high and stretching to the 2002 low