Sunday, April 29, 2012 2:14:52 AM
SPY critical trendline/cycle status.
The 13 week channel has been broken so the next longer cycle is headed down. That would be the 26 week cycle. But the key item is the trendline based on the 1/4 wave MA for the 18month cycle, ie the MA97, and this TL crossed under and is now above the recent lows. If those lows are broken, by SPY or another index or individual stocks, beware and be afraid.
The 13 week channel has been broken so the next longer cycle is headed down. That would be the 26 week cycle. But the key item is the trendline based on the 1/4 wave MA for the 18month cycle, ie the MA97, and this TL crossed under and is now above the recent lows. If those lows are broken, by SPY or another index or individual stocks, beware and be afraid.
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