Replies to post #20353 on SPDR S&P 500 (SPY)

[Fox13]

GLENO,imo the qs will have to decide soon.
in this chart they have a 22d cycle (which is defined by the lows of FRAMA and goes back for over 100d). The thick red line is strange: it starts at inflexion 2 and touches all recent lows. I noticed that,frequently, this type of constuct (for indexes or large caps) is strong and significant. Da boysz seem to give it a lot of respect. BUT IF the qs drop trhrough it, they will probably go through the inflexion 1 which, interestingly, is also the top of the gap on 7/12. If they go through the gap they should stop for at least a while at the thin dotted red line which is defined by 3 previous lows of frama.
fox