sublimares2

SPY- almost at PRZ

AMEX:SPY   SPDR S&P 500 ETF
755 4 4
Descrptions on chart
While I agree that the market is going higher this year, my analysis suggests that there will be a pull-back into the upper 150s before heading higher. Just a different point of view -- that is what makes markets.
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On this chart I tried to figure out a potential PRZ. We all agreed that higher levels might be seen this years. We also agreed that a pullback might take place soon. We did not argue that pullback length yet. Your analysis suggests a pullback into 150ish area before heaading higher and I agree it. I was working on SPX chart and this are levels of interes
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