Here is an SPY screen shot from my trading platform. Prices are gravitating around 106 and confirming the importance of this level. A base for the shot at new near-term highs? Or a platform for a forward 2 1/2 somersaults in the Pike Position?
The sharp rebounce of 76% was like the final climax run. With today's minor pull back in 3 waves, there should be another run up to finish wave C5. The primary III might start late this week or next.
SPY .... ATR Trailing Stop Strategy shows 1,5,10,& 15 minute sell signals. Need confirmation from 30, 60, 90,and 240 minute time frames before entering a risk/reward SDS purchase to the short side. First rule--- Follow the price and trend. Second rule---Enjoy yourself by reading about Elliott waves, astrological patterns, gravitational pull, and magic.
The sharp rebounce of 76% was like the final climax run. With today's minor pull back in 3 waves, there should be another run up to finish wave C5. The primary III might start late this week or next.
ReplyDeleteRich
SPY .... ATR Trailing Stop Strategy shows 1,5,10,& 15 minute sell signals. Need confirmation from 30, 60, 90,and 240 minute time frames before entering a risk/reward SDS purchase to the short side.
ReplyDeleteFirst rule--- Follow the price and trend.
Second rule---Enjoy yourself by reading about Elliott waves, astrological patterns, gravitational pull, and magic.
Third rule--- Follow the first rule.
..... Fourth rule......follow the second rule
ReplyDeletelol