649bruno
Short

Use Your X As Well As Your Y: Part 1 Of 2, SPY: Follow-Up

AMEX:SPY   SPDR S&P 500
66 0 4
THIS IS A FOLLOW-UP TO AN ARTICLE I PUBLISHED 7 DAYS AGO. I commented that I thought the S&P             was the "Last Man Standing".
Several of the pivot studies that I do are warning me of an S&P             reversal. I saw this one week ago, and published my findings and observations.
I have learned never to ignore the Fibonacci time cycles (long vertical blue bars).
I do detect weakness, only I will have to show you the one hour chart.
The S&P             continues to have lower highs and lower lows.
The long blue vertical bar to the far right, Fibonacci 8, is telling me of a major event on or about April 14, 18, 19, or 20.
I believe this event will be to the down-side.
Please go to Part 2 of this series. May all of your trades go well.
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