d.jay.h

SPY Quadruple Bottom

AMEX:SPY   SPDR S&P 500
The market is clearly exhausted. Another bounce higher to 2250 before the fall?
update 02/02/2015, post US market close: quintuple bottom? notice how even the smoothed heiken ashi bars are revealing more jagged, abbreviated chop against the support, without rounded tops. a break-down or a bounce is imminent...choose one, hedge heavy, and have fun.
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possibly a three drivers forming? or a bullish/ bearish triangle? an odd chart to be sure
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I wish I could copy and paste a picture underneath of Yellen bench-pressing that
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Sorry, quadruple bottom.
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