Following up my post last time, Are we there yet? are we there yet?
here is what i think now.
It initial starts with a good run above the 50EMA (yellow line), then back testing 2 times 50EMA. Then make a Higher high. Do a 3 times test of 50 EMA -> make a lower high. This is where i think we might be at this stage. if this is true, we will do a sharp drop to 200D EMA (grey line). So that is Spy 227 area. You might say June 16 is Brexit, we have no big event here. Trust me, if they want run the market, they will find the event. it might be Janet Yellen has a trouble making a bowel movement tomorrow 
here is another similar case from 1997. I know, history never repeat itself, exactly.
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发表于 2017-5-23 11:13 PM
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