nmike

SPY update --- hourly

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
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11
After a few volatile days the SPY is back above the 100MA and the FISHER (300) is still above mid point. Assuming that the trend continues, SPY is likely to reach it's previous high at top of reference channel in the short term and continue on to top of green CLONE. Since we all know that price action does not follow a straight line, I placed a 50% Fib. retracement in each channel as a general guide. One concern I have is the lower highs and lower lows.If we break KEY support the near term target would be near mid red CLONE channel.

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.....2 more CLONE price projections Hits, maybe have to add another CLONE on top

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...top of green CLONE target reached, you're not able to see it by clicking the load new bars button, you have to click the make it mine button
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knock nmike
click "load new bars" twice. :-)
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nmike knock
thanks, did not know that :]
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knock nmike
BTW, awesome roadmap! You da man!
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...working out pretty good so far......
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spot on
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wouldn't mind seeing another IH&S
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on the money!
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>>>>hourly CLONE break...UP
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