A Key Number To Watch Today

[] it’s 50/50 up or down until we break above or below this key level [] [] [] [] Earlier this week, I talked about the opportunities the recent market drop might present. Today, I want to dive deeper into what I'm seeing in the markets right now— especially the key levels to watch closely. Understanding The Market’s Moves The recent market volatility has been a rollercoaster ride to say the least. We saw a sharp drop, with the S&P 500 hitting 10% down from its highs. As I said earlier this week, this kind of movement can put us in a bearish tone, but it also presents buying opportunities if you know where to look. One tool I like to use is Fibonacci retracement levels. These levels help us identify potential areas where the market might reverse its trend. After the S&P hit its low, we saw a bounce back to the 38.2% Fibonacci retracement level. This is important because it indicates where resistance might come into play. If we can push past these retracement levels, particularly the 50% mark, we might see the market regain some strength. Below you can see the Fibonacci levels. The one marked 0.382 is the 38.2% level, so the one marked 0.500 is the 50% level. [] Key Levels to Watch Right now, as I write this in the pre-market, the S&P 500 is hovering around the 5239 mark, which is the midpoint of the current range, which I count as being from the bottom, the 0.000 level, to the 0.382 level that it hit during the initial bounce. This 5239 level acts as a pivot, and whether we move above or below it could indicate the market's next direction. If we stay above it, there's a chance we could retest higher levels, but if we dip below, we might see more downward pressure. I’m going to be watching the S&P futures closely today to see if we definitively break out about that 5239 level. In the meantime, I’m going to hold off on trading, because until we either break out firmly above or squarely below that level, the direction the market could take will be a coin toss. Stay tuned! — Geof Smith P.S. With the uncertainty in the markets, it’s always helpful to have a strategy that can target weekly income using one of the most rock-solid assets in the market. [I share all the details right here.]( [] [] Earlier this week, I talked about the opportunities the recent market drop might present. Today, I want to dive deeper into what I'm seeing in the markets right now— especially the key levels to watch closely. Understanding The Market’s Moves The recent market volatility has been a rollercoaster ride to say the least. We saw a sharp drop, with the S&P 500 hitting 10% down from its highs. As I said earlier this week, this kind of movement can put us in a bearish tone, but it also presents buying opportunities if you know where to look. One tool I like to use is Fibonacci retracement levels. These levels help us identify potential areas where the market might reverse its trend. After the S&P hit its low, we saw a bounce back to the 38.2% Fibonacci retracement level. This is important because it indicates where resistance might come into play. If we can push past these retracement levels, particularly the 50% mark, we might see the market regain some strength. Below you can see the Fibonacci levels. The one marked 0.382 is the 38.2% level, so the one marked 0.500 is the 50% level. [] Key Levels to Watch Right now, as I write this in the pre-market, the S&P 500 is hovering around the 5239 mark, which is the midpoint of the current range, which I count as being from the bottom, the 0.000 level, to the 0.382 level that it hit during the initial bounce. This 5239 level acts as a pivot, and whether we move above or below it could indicate the market's next direction. If we stay above it, there's a chance we could retest higher levels, but if we dip below, we might see more downward pressure. I’m going to be watching the S&P futures closely today to see if we definitively break out about that 5239 level. In the meantime, I’m going to hold off on trading, because until we either break out firmly above or squarely below that level, the direction the market could take will be a coin toss. Stay tuned! — Geof Smith P.S. With the uncertainty in the markets, it’s always helpful to have a strategy that can target weekly income using one of the most rock-solid assets in the market. [I share all the details right here.]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](