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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: Fintas who wrote (51477)6/6/2013 10:45:28 PM
From: Chip McVickar1 Recommendation

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first of all the monthly charts are show'n nothing more then an inside day...
...pretty puny pull back to cause so much excitement

seems like a lot of fib 1.618 extensions and 50% lines were hit these last couple of days

to me todays low of 1598.23 was spot on slam... using a 120 min cash chart... mine reads 1598.15

lower down there's 1590 to 1582... my favorite -- is -- 1574... these are off weekly charts

Daily there's 1607 and then 1580

up is 1742 to 1764... off the daily

imho... 1650 is just around the corner

seems this sell-off is window dressing

expect to see a major move... soon
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