nmike

SPY update (daily)

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
1215 views
SPY is currently at wedge trend line resistance.We have 3 basic scenarios at this point. 1- SPY breaks trend line to the upside to a near term target at top of CLONE. 2- SPY consolidates down to lower trend line or the bottom of current channel before moving higher.
3- SPY breaks support at bottom current channel and corrects mid way or to bottom of reference channel.
CLONING works very well in conjugation with FIB. levels.

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you were right
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...trying for the CLONE break for a third time, should be interesting to see what happens at this CLONE level
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Sure is close to a new clone.
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nmike QuantitativeExhaustion
...yes, I might have to add another CLONE on top , and republish this chart :D
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update .....forward CLONE target reached, let's see if SPY can break CLONE or correct from here.....mind your boundaries.
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If this keeps up your going to need a new chart. I would like to thank you for the chartgame link. I have been playing for the past couple days. Really enjoying it! What i have learned from the experience, I will be using a lifetime. Thank you!!
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nmike littleriver
...you welcome :D
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Measured Target price of Head and Shoulders I posted a few weeks ago.
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nmike QuantitativeExhaustion
@JR nice...
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you like fast and slow stoch... works the same for ADX > measures price action in bull/bear or flat.

Kind of like extra benefit fisher compared to MACD > divergence/convergence

H&S price target is 156.85 Might stop short of your target clone.
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