the Birds

Today  the  SPY - SPDR S&P 500 ETF , like a rocket, gapped up from the previous close of 132.10 to 133.16 . The intraday High of 133.93 was just below the Fibonacci level [ FL-L1AF382 ] at  134.39 which is a level where reversal can occur. That is what happened and after an intraday low of...

Today I will start with SPY - SPDR S&P 500 ETF . Since the low of 129.55, where the sub Fibonacci level at 129.66 was positively tested, the Price has been steadily rising from the base of a short term descending channel . The upper trend line is parallel with the lower trend line which was ...