FYI | Oct 06 2011
FNArena has added another video to its Investors Education section on the website. In this week's video broadcast, ATW's Jerry Simmons zooms in on the widely covered key technical support levels for US equities. Simmons points out there's an exhaustion Fibonacci alternate target for the S&P500 mini-futures in the 1094 area. He suggests a breakout above 1114.50 is needed to confirm a trend reversal for US equities.
In line with his analysis for US equities, Simmons suggests we might be about to witness a "climatic bullish wave" for the euro. A breakout above 1.34 is needed for confirmation. There is, however, potential for a new major low in AUD/USD in the meantime.
Simmons observes copper is now off its lows. The red metal needs to break above US$3.37/lb to confirm a reversal in trend is now in place.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: http://www.fnarena.com/index4.cfm?type=dsp_front_videos&vid=57
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at http://www.fnarena.com/index4.cfm?type=dsp_front_videos)
