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Friday, August 3, 2012

$SPY: Very little relabeling of our tuesday post EW count.All in place for the downfall?

On tuesday we posted a chart with an EW count. Today we are making a very little relabeling chanching the minute waves by minuettes wave . The neckline continues in place and now we have a new "third EW rule" line. Maybe on monday or today at the end of markets hours could be a gap down, so a "bull trap" or "island top" could be developing now.

This chart is a "nano"chart so we can see with magnifying glasses the little waves (minute and minuette)

Tuesday, July 31, 2012

$SPY: The "D" day. Complete 3 hour charts w/ HS,Fibonacci and EW count and forecast.

We are posting this complete chart, so we don't have to remember last post and, because 138.19 is our "clue line". If price breaks down this point, for us, this will be the trigger for the way down.

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