AMEX:SPY   SPDR S&P 500 ETF
298 5 9
Observation only
Interesting thanks for the post. I think we'll tap the 100day SMA, but that's not far off
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KLang PRO gatorNic
I'm thinking about the same. Momo to the downside, so may overshoot this and the AB=CD may reach 1.272
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I think this chart is a big signal that there has been a fundamental change to the trend.

thoughts?
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KLang PRO maccabean
Not yet. If we get to the lower bands - yes. People will talk about a left shoulder and head. First things first, though. If we turn around soon, we could very well continue the shallow pull backs dance
+1 Reply
I mean lower bands on the WEEKLY time frame
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