Replies to post #42136 on SPDR S&P 500 (SPY)

[Fox13]

Foot: thank you for the SPX info. Looked at your numbers on a daily chart. I will keep in mind the consolidation area 1318-1378. My “filters” came up with a funny result: based on a long cycle of 285 d (taken as a basic unit) the Fib time extensions narrowly predicted 3 successive lows which also coincided with volume highs. The next one should be on April 21. The 2 broad triangles cannot be taken seriously since their directional outcome seems divergent. The head and shoulder …has a right shoulder which reminds me of my own shoulder after a rugby match against the Highland Devils. One has to hope that we will be on the right side of this trade. Regards, fox