Replies to post #93096 on SPDR S&P 500 (SPY)

[GLENO34]

FOX...Da Boyz have not been selling anything now for weeks...Their selling and even their buying activity is at a fairly low level...So if they do start selling the indicator has tons of room for the upside..Just have to wait and see what their next move is..Seems like they are waiting for some news or sign ????

[2bit-nothing]

Fox,

Thanks. This is what I think as in the following chart. I never master wave theory. Just wonder if it's always 5 waves within a channel. The following is a bearish upward sloping channel...just wonder if it has to finish 5 waves...your thoughts?

2bit