CosmicDust

SPY weekly - on shoulder support - 1/8/2016

AMEX:SPY   SPDR S&P 500
spy
Here is the overall picture. We can see one long term (solid blue) is broken which is significant. Good news is the right shoulder still holds. Once right shoulder breaks, it may quickly visit .236 Fib, or even .382 Fib - it would never be a straight line down, but the idea is the potential right shoulder breakage marks the definite trend change.

So we will watch the red line closely in coming weeks.
where do you get that fib indicator from?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out