Parker you could be right on that call for 1666 for all I know? I’ve thought about it myself many times but it seems too obvious even for them to do. So I’m sticking with the 164.30 SPY FP and just a little above it. I’ve found that it’s common to pierce through FP’s a few points before rolling over. So maybe 1646 SPX instead of 1643 as the FP indicates.
guess we’ll hav to see. I’m ES futures, and vix options. It was trange, to me, how the vix was moving up with the market. I guess that would negate the FP that you found then? wave 5s are usually pretty strong
APPLE Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/05/apple-hour-chart-analysis.html
Parker you could be right on that call for 1666 for all I know? I’ve thought about it myself many times but it seems too obvious even for them to do. So I’m sticking with the 164.30 SPY FP and just a little above it. I’ve found that it’s common to pierce through FP’s a few points before rolling over. So maybe 1646 SPX instead of 1643 as the FP indicates.
Totally nuts Peter… won’t go up to the 164.30 SPY FP or down to support at 1614 SPX. Drives me nuts too!
This is crazy. canteven get one day on bad news
USO Weekend update: http://niftychartsandpatterns.blogspot.in/2013/05/united-states-oil-weekend-update.html
APPLE Weekend update: http://niftychartsandpatterns.blogspot.com/2013/05/apple-weekend-update_11.html
I think target is 1666
cos’ ’09 low was 666 ))
guess we’ll hav to see. I’m ES futures, and vix options. It was trange, to me, how the vix was moving up with the market. I guess that would negate the FP that you found then? wave 5s are usually pretty strong
PFIZER Bearish Monthly candle: http://niftychartsandpatterns.blogspot.in/2013/05/pfizer-bearish-monthly-candle.html
I think that news could be used to drop us to the 1615 spx area to complete a smaller wave 4 down on Monday. Then back up later in the week to complete the 5th wave and end the whole rally from last November. This chart (isn’t mind) looks fairly accurate to what I’m expecting… http://2.bp.blogspot.com/-1QK2GndKK20/UYwW3KspqbI/AAAAAAAAP3c/tkLL2UJuAII/s1600/spx05092013.png