MarshallFX_

SPY Harmonic Flow

AMEX:SPY   SPDR S&P 500 ETF
Now, I don't necessarily feel inclined to go short here but I can't ignore the signal.
A bearish Cypher pattern has formed on today's gap open. Could we see prices fall to fill that gap? Maybe, who knows?
A quick glance at the Daily will show the trend is up so I'd pass on this one. Then subsequently look for an opportunity to buy low, if this Cypher does indeed push prices a little lower. I wouldn't be surprised if we blow through the PRZ.

Note the harmonic symphony starting with Thursday's Bullish Gartley , pushing prices higher, through an (alt) AB=CD , into today's Cypher .

Happy Trading

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