It's a good idea to display a simple line chart. Line charts display a clear view of pivots
. When you reach a pivot point
resistance or support then you should refer to the candle stick chart and look for reversal patterns.We finished the week with positive green candle .With NO FEAR in the markets the SPY
should easily clear the current pivot
and reach the next pivot
at $143 area. Also note how well the FIB numbers signaled support / resistance
since the bottom of 2009.