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aixguru

Expecting A nice Rally then BIG fall: LPT: 271 SPT 245.60

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
aixguru Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators arbitrage bands 2018 correction we_said_it_first
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trendanalysis chartpattern indicator arbitrage bands 2018 correction we_said_it_first
snapshot

hourly chart
major resistant there at the mean of the system for the last 3 months center red line at 271


snapshot
Daily Chart
The mean is also 271.00 for the arbitrage band and the intermediate band ( 1 Trading Year) is out of space
so needs it needs to correct to it's over sold position of approximately 245.60
Coincidentally 271 will align to form a lower high in the elliott wave system as well.

Weekly Chart

snapshot

Another Elliot Wave as it tests our momentum line with all Bands nicely stacked.

Ride to 271 and then run like hell!

Comment:
Steady as she goes...
Comment:
$10.00 down so far :D
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