ajtj: SPY 87/86 by tomorrow or Friday, after a brief intraday rise. The Dow Transports which have been leading the way are getting a bit oversold on an intraday basis.
Then next week, narrow sideways oscillation for a day or two and then a 76% retrace of this drop over a couple of trading days or so (another lure) before the SPY begins a wide swinging decline over approximately 10 trading days to the 75/74 area.
How's that for my first try at a map...gg
Disclaimer: My analysis is my own work and I reserve the right to be wrong. Please do not make any investment decision based solely on the views or analysis expressed on any message board. NEVER blindly follow any buy, sell or hold recommendation by anyone, especially an anonymous message board poster such as myself. Do your own research. Ultimately it is your responsibility to formulate your own investment decisions.
And always, establish in advance the maximum loss for any trade or investment by determining a STOP LOSS point before you begin any trade.
LG aka TheChartologist™
