FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Levels, Targets, and Reversal Zones

Monthly S&P 500 Chart

S&P 500 monthly price action technical analysis chart

You may hear many of the same trader statistics that we do like 95% of traders fail within the first 3 months never to return...

And we often wonder why is that?
 
More times than not some of the more common reasons we see are that traders have no training, no plan, no system... You know, just sort of winging it like they're betting on their favorite sport or just throwing a few dollars at a lottery ticket.  
 
"The list of reasons traders fail is long however, the list of why traders succeed is actually much shorter but don't confuse that with easy."
 
One of the Top Habits to becoming a successful trader is conducting a Market Assessment.  Meaning, looking at the overall market sentiment and determining a directional assessment for price.  By far, the best way to do this is to ZOOM OUT on your chart's time frame.
 
For example, let's take the S&P 500 and look at the MONTHLY chart and apply one but a very powerful price action tool: FIBONACCI
 
Higher time frame analysis helps to paint a clearer picture and remove the shorter term intra day volatility.  Once you begin to include this as a habit in your trading routine you may just begin to question the doom and gloom headlines every time the markets drop a day or two.
 
Above is our latest /ES Monthly chart layered with traditional bull low to high Fibonacci levels.  There's no guarantee price will reach the Target Zone but it if does at least we shouldn't be surprised!

Precision oriented price action technical analysis by far provides the best edges and most setups for traders and investors across the markets so that's what we use for the basis of our charts, courses, and reviews.

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