Schiff Median SPY from 2012 Touched like Oct, Jan, Mar Dip & Rip
Trend since 2012 - Orange central line aka Median price,
It has been tested several times but only broken on downside 4 times followed by a rapid rip up. The median line exerts an attractive 'force' from above and below
This is an example of a Schiff Pitchfork, unlike ordinary trend lines its positioning is not arbitrary
Note position
There are smaller sub cycles above drawing price up and there are bigger mega cycles below for 'the crash' eg trend since 2000, 1980's , 1950's
If bears fail to take it down after testing it then expect rapid bounce up like Dec, Feb, Mar
By October 2015 the SPY median will have risen to 220 and rising fast - needs cash from somewhere to fuel the rise
It has been tested several times but only broken on downside 4 times followed by a rapid rip up. The median line exerts an attractive 'force' from above and below
This is an example of a Schiff Pitchfork, unlike ordinary trend lines its positioning is not arbitrary
Note position
- October 2014 was 191
Jan 2015 was 200
Mar 2015 was 205
Now is 207.75
There are smaller sub cycles above drawing price up and there are bigger mega cycles below for 'the crash' eg trend since 2000, 1980's , 1950's
If bears fail to take it down after testing it then expect rapid bounce up like Dec, Feb, Mar
By October 2015 the SPY median will have risen to 220 and rising fast - needs cash from somewhere to fuel the rise
