CosmicDust

SPY weekly - on shoulder support - 1/8/2016

AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
Here is the overall picture. We can see one long term (solid blue) is broken which is significant. Good news is the right shoulder still holds. Once right shoulder breaks, it may quickly visit .236 Fib, or even .382 Fib - it would never be a straight line down, but the idea is the potential right shoulder breakage marks the definite trend change.

So we will watch the red line closely in coming weeks.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.