SPY Fibonacci coming into play. Market Symmetry at it's finest.
Comentarios
stockSMASH
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Thank you for this adds to the fact that on the weekly, we are flush over Bband and setting up for selling. Just when it seems market can only go up...up...up... big boyz sell to small guys so they can get out before seeling starts. Pigs can fly, look at spy... but they run out of air.
StocksAndBalls
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If you believe in the Fibonacci Ratios, the market timing, the natural ebbs and flow with almost perfect symmetrical harmony. Then take a look at this chart.
1. Notice the Bearish Butterfly from the 2007 high, to the 2009 lows, up to the 2001 high, 2011 high. The 1.27 Fib line from the 2007H to the 2009L is at 182.09.
2. Notice the Regression Trend line from the 2009 low to the 2011 low as it extends into the present. Tops out at 182.09
3. Notice the date ranges and bar counts from the 2009 Low to the 2011 High, then the 2011 Low to the 181.92 1.27 fib extension est. 12/2.
Just some observations on my part, but when things to tend to come together like this....look out. Could be looking at a short term down turn around 152.69 in May 2014....then onto infinity.