nmike
Long

SPY update (daily)

BATS:SPY   SPDR S&P 500 ETF
1201 19 7
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.
CapitalHubs
3 years ago
Nice chart!
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nmike MOD
3 years ago
....wedge broken last week, close to CLONE target
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What do you think about CapitalHubs timing clone.. kinda of like fibqueens chart
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nmike MOD QuantitativeExhaustion
3 years ago
yes, very good....@capitalhubs:)
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snapshot


Measured Target price of Head and Shoulders I posted a few weeks ago.
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nmike MOD QuantitativeExhaustion
3 years ago
@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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CapitalHubs QuantitativeExhaustion
3 years ago
Great to see ongoing discussion here. Nmike's target of looks most reasonable after recent strong momentum. Still I don't thing this rally is sustainable since the leading sectors have been defensive ones. Bull run is creating a wall of worry but, as seen before, markets could rise longer than we think. Maybe 27th of march as JR mentioned could be a milestone. We are about to see...
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nmike MOD
3 years ago
update .....forward CLONE target reached, let's see if SPY can break CLONE or correct from here.....mind your boundaries.
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littleriver nmike
3 years ago
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 MOD littleriver
3 years ago
...you welcome :D
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nmike MOD
3 years ago
...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 MOD QuantitativeExhaustion
3 years ago
...yes, I might have to add another CLONE on top , and republish this chart :D
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Delta_Zulu
2 years ago
you were right
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