claydoctor

SPY DIPS AND NEW HIGHS

AMEX:SPY   SPDR S&P 500 ETF
27 0 2
This chart illustrates the SPY             dip magnitudes. The dips have been consistent. The new highs have not, they are growing both in magnitude and length since Nov 2013. The current Dip is set, now do we create yet another larger green area, or is this a double top of sorts, or do we repeat one of the other patterns? More questions than answers I am afraid.