Billhinge

Schiff Median SPY from 2012 Touched like Oct, Jan, Mar Dip & Rip

AMEX:SPY   SPDR S&P 500
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
  • 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

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