Further suggestion of quick SPY retracement Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ May 16, 2015 2:57 PM

Moving chart slightly and superimposing an Inside Pitchfork on shorter timeframe to describe recent weeks it seems we are at top of Fib channel although it doesn't preclude a move into the purple slip band already tested . Very short term short followed by bounce

Comments

AndrewMills

⋅ May 18, 2015 5:42 PM

the whole market is expecting a correction, which is why it will go parabolic before going down... SHORT SQUEEZE EVERYWHERE YOU LOOK

Billhinge

⋅ May 25, 2015 7:16 PM

I didn't mean a correction, I meant a retracement to previous medians between 212 and 210

AndrewMills

⋅ May 18, 2015 1:09 PM

i see upside down head and shoulder reversal pattern there... broken neck line would mean a move down