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Cycle19
Oct 28, 2018 8:44 PM

Rapid, Bearish Shift in Monthly SPY Cycle Phasing Short

SPDR S&P 500 ETF TRUSTArca

Description

The StochRSI oscillator does a good job of identifying cycle highs/lows; when this indicator suddenly changes direction after a confirmed high/low, it implies a dramatic shift in investor sentiment. Look for 3-5 more bearish monthly bars before a relief rally emerges. The Fibonacci 62% retracement near 242.00 is my initial price target for SPY during the first quarter of 2019.
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