Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Wednesday, August 1, 2012
$SPY: Again a new attempt to break the HS neckline.
As we told,before, markets could take this shaking mode for one or more days and, maybe, that's what we are watching. A new attempt to brake the neckline is,obviously, possible. We will be sure of our forecast when a,clear, break of the 138.19 "Third EW rule" is confirmed.