AMEX:SPY   SPDR S&P 500 ETF TRUST
In Harmonic Trading, RSI + HSI Confirmation make the difference in understanding Reaction vs. Reversals. SPY now attempting to complete WEEKLY RSI BAMM DIVERGENCE @ the 2.0 (1.902 main#)
but it is already acting strong. This runaway SPY train has 250 as the make-or-break target. I am looking at this area for a Q1 peak and pause at the natural harmonic resistance level. It is all about the RSI formation out of the Overbought extreme reading after it rolls over. Look by end of March for this to be resolved.

Scott Carney
www.HarmonicTrader.com
Founder
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