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maxtorrent
Aug 23, 2012 3:26 AM

SPY Weekly w/EWT Short

SPDR S&P 500 ETF TRUSTArca

Description

As per EWT the minor wave (5) cannot close higher than the major wave ((5). Hitting the upper Bollinger Band, Stochastic has crossed, %R is dipping. Analyzing whats available correction possible to 1359-1339 levels...wave ((C)) target though is 1247 (Fib 50%)
Comments
lucky_human_foot
Agreed.
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