SPDR S&P 500 (SPY)

[Fox13]

Foot & Gleno: Here is a Q-bonacci 30 min chart. MA-s have lengths spaced by 2 members of the Fib progression:
- green: 233 exp. MA (da magnet, stolen from the 5 min charts of Scamman)
- purple: 55 triangular MA
- white: 13 fractal MA
Soon after the high of the Boxing Day, the averages initiated (on 12 /31/07) individual divergent trajectories, going down . The 233MA acted as an attractant for the price on 5 occasions. Among them, 3 were serious flirting: Jan/Feb TOM, Feb OpExp and the Feb/Mar TOM, which is NOW. Since 12/31/07, the fractal NEVER crossed the attractant. However, now they are overlapping for the latest “16 candles”: vat a strong magnet! I expect a violent move soon. For both chart esthetics and bernankian reasons, I would suggest DOWN . Leonardo da Pisa would probably smile: “Si non e vero, e ben trovato” with other words, even if it‘s not true, it’s well invented.