First, the 120 minute swing chart with today's Blue Wave SELL SIGNAL:
Next, we pan out for better perspective, the Daily chart:
Finally, our main compass, the Weekly chart:
The big kahuna we wait for is the Weekly Sell Signal. But by simple deductive reasoning, this Weekly SELL will come only after a Daily SELL which itself will come after the 120 minute SELL SIGNAL.
It doesn't follow that every 120 minute SELL will lead to the Weekly SELL, or even that this one will...but it might.
A
6 comments:
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=6&dy=0&id=p54519010293
when SPY close below its EMA (20), when the RSI(14) close under 50 and when the Williams %R (50) close below the overbought region, then I think the top is in
and I am still waiting ...
That is a lagging indicator by between 5 and 8 days (bars), a fibonacci sequence, but late nonetheless. It would supply a nice confirmation when it comes.
but I cannot afford bluewave !!!
and this one is free even though it is lagging ...
Allan, dear my friend, better we don't looking for pullback, see skf and xlf for example, everyday they are manipulating the market, because they are too big too fail. so that's what the TRAP are for, to suck your money and mine
we will manipulate it back, geez ...
Allan, there are misprinting in us bill,it was said "in God we trust",already change to " in GS we trust" lol
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