Slug403

Slug403 Updated 

trend analysis - using fib tool from june 16 to aug 16 uptrend - it may test fib line .382 tomorrow but based on fed release i believe price action will break .5 fib line and test .618 fib line. technical analysis - YTD CHART - negative tsi -16 , negative macd -2, STOCH RSI LEVEL is 42, these levels can be comparative to march 11 which coincides with testing...

Slug403 Updated 

THis is update from last post of downward trend,price has currently have broken .382 fib line or first fib. Currently at higher TSI of 46, it appear macd may be downward crossover occuring next fewdays. also High stoch signalling overbought territory looking for a downward trend. i believe it will bounce from first fib line 407 to second .50 line 397 and may hold...

Slug403

targets have been hit at 390 support, looking for friday if it breaks 390 it will continue down to 380-385. Will have to re-apply fib tool for further anaylsis of trend and forecast

Slug403

Continuation of downward trend, CPI released today showed inflation initiated the flash crash, you can see the fib levels still tracking support/resistance levels.

Slug403 Updated 

Red is range, fib tool used in the latest swing in aug, currently spy is bouncing off and holding around the second fib line once it hits first fib line of 405 then watch for the break upwards. if it continues to hold at second fib line it will test 3 fin line again at 390, if it breaks 390.