Market Dashboard - Hot Indicators cooled a bit



The hot indicators from Thursday got a day to cool off on Friday.  I still think we are headed for higher highs in the days to come, but if we do see a pause early in the week there are some very interesting Fibonacci retracement levels in play.  (Click here to read about Fibonacci.) Below, on the SPY chart, I have overlaid the Fib retracement levels.  The two that I have highlighted in yellow are particularly interesting because they are associated with volume spikes at those prices.  For a technical analyst, those two correlating factors are very fascinating!  If we were to see the market pull back we should expect those to be levels of support.