AFTER A MINOR CORRECTION TO THE .236 FIB level, SPY is back in the 4 month BULLISH CHANNEL.If it breaks KEY RESISTANCE, the next target is the top of channel boundary.
Comments
nmike
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>>>.....$142.32 FIB.level target reached,now let's see if it will go back into the yellow upward channel...
nmike
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>>>>ALERT>>>>SPY has broken passed the bottom of the 4 month upward channel.This was the second attempt to resume the upward climb,second attempts usually fail..My targets are now revised to downward targets of 142.32.If that doesn't hold the next target
is139.17 or the bottom of red channel.
admin
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nice
nmike
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..believe it or not that red top downward channel is almost exactly as the bottom red channel,that's why I like the CLONING technique...