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Weekly SPY update. No it's not a diamond, but any strategically applied geometric can chronical price/time efforts. Market is moved by ordaination now not technicals. Place forks, gann fans, fibs anywhere you want to look for logic. Use geometry to define areas of operation. Use intuition.
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Look for fractals and areas of confluence.
Last edited by gappy on Mon Jul 18, 2016 10:02 am, edited 1 time in total.
‘the petrodollar is our currency and our problem’....Gappy
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5 years ago, if the gold market showed any signs of life, you had people jumping up and down screaming that it was going to the moon. In 2016, its been rising relentlessly and not a peep. Feels like all the goldbugs got washed out at the final bottom. The lack of mania makes it feel like its got quite a ways to run higher too.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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