Charts ,in real time and EOD, using Elliot waves and Fibonacci.
Friday, August 3, 2012
$SPY: Using Pitchfork to find more bearish clues.
This Pitchfork lines are using Fibonacci. We can see that this big rally (dead cat bounce?) has lost strength and momentum and can't break the median line of all the wave c, movement.For us, is very bearish. Markets continues it's shaking work,before a major move.