SPDR S&P 500 (SPY): Lows rejected twice What happens when a...

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Thursday, 10/01/2015 4:23:04 AM

Thursday, October 01, 2015 4:23:04 AM

Lows rejected twice
What happens when a low is rejected on price and volume the market
slams the shorts and runs the other way. First rejection in late august. SPX promptly ran up 120 points. Again it could not get to
lows on price or volume.
2nd test was 2 days ago again rejection on price and volume. It could not even get there on price.
Wave 3 finishing then wave 4 and wave 5.
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=2&dy=0&id=p67168251434

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