CosmicDust

SPY weekly - 12/19/2015 - still consolidating in the range

AMEX:SPY   SPDR S&P 500
spy
Looks like it is targeting the purple line ($195 level) and then may rebound. If it fell below the purple line, the .236 Fib ($178 level) might come into play. 0.382 Fib is also interesting, as it coincides with 2000 - 2007 long term support line.
Doesn't this situation look a lot like October-November 2011? Eerily similar.
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CosmicDust JohnKeverich
Endless possibilities... My comment is only one of those I happen to think most likely or interesting... If I can be right 70% of the times, I will be really happy.
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