Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Friday, October 21, 2011
SPY EOD EW count.Some clues to search,later.
In the last EW count, we draw a target ( inside de ellipse), but also said that price need to end bellow 122.8 ( aprox) ,so the "clue line" can stay in play. The first part,the target, was reach, but not the second part.The interesting thing we are looking is that price do not surpass the 61.8% fan line and we consider an important clue for knowing, if monday will be a big downfall or price will continue soaring.Later or tomorrow we will post the research we will make, of more clues to understand were we are now.