Technicals | Jun 04 2013
FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons looks at the S&P 500 and notes a 5% pullback is well overdue. Failure to break 1660 to the upside opens up a target range of 1560-1575 which may not hold if rapidly reached. Simmons also suggests a break below 100 in the dollar-yen (which has now occurred) suggests further US dollar downside and US stock market downside.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
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.
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