Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Thursday, January 5, 2012
$SPY and $SPX:Comparison daily, 6 months, charts.
Watching both charts we observe that the $SPX chart has not surpass the clue line and the SPY chart has surpassed,little,but surpassed the clue line.If we stick to the first one,intermediate wave 2 (blue) continues in place and with SPY chart, intermediate wave 2 has to be relabeled. We have a divergence and we have to investigate what is happening here.