I've drawn the channel as if it completed on Friday, but it's interpretive and we can certainly make one more high today or tomorrow near 4k. Getting under 3870 and we'll be under the pitchfork fib support, in that case any test of 3890-3900 is a solid short opportunity with a tight stop. They held the pitchfork fib overnight, so the market is aware of it as an important level to hold if we are to rally further. Nothing is decided yet. Good luck!
코멘트:
SPY hasn't reached it's weekly 18ma at 390.19 yet. If they pump the open, I may try a short there. Good luck all
코멘트:
under and then rejected at pitchfork Fib. It's a sell signal for me, they shouldn't get back over 3915
코멘트:
spx cash also backtesting pitchfork fib here.
코멘트:
looks like a mini channel, they haven't given up the fib line just yet.
코멘트:
possible false breakout, the fib still holds - so far
코멘트:
possible leading diagonal with ABC complete, if true then it shouldn't get over the last high. No idea if this is correct.
코멘트:
doji candle on spy, they closed it under the pitchfork fib, doesn't really mean anything just yet.
코멘트:
this pitchfork fib has been tough resistance for SPY at each peak since august. Also we're having daily hidden bear divergence from the previous peak
