SPY-8-21-15-End Of Day
As expected the leg down commenced in full swing today; It opened up below the AB=CD PRZ, usually a good sign that the move will continue. On the 3min chart it tested the 113%BC (the lower range of the PRZ … Continue reading →
Category Archives: Trades
SPY-8-21-15 the bigger picture
on the daily chart, SPY opened below its AB=CD PRZ. and the High Of Day (HOD) so far was at 202.92 the lower PRZ boundary is at 202.93. therefore remain bearish unless that level is taken back. … Continue reading →
SPY-8-20-15 the bigger picture
The 161.8%XA extension of the 2007 high and 2009 low has been resistance on the upside since the start of this year. We have been watching this chart for years in anticipation of price reaching the 161.8%XA extension. We shouldn’t … Continue reading →