#1: SPY long term, mid term, short term (4528 reads) 作者: theoretical, 时间: 2010-7-31 周六, 04:35 — 作者：theoretical 在 青蛙园地 发贴, 来自【海归网】 http://www.haiguinet.com
and short short term.
Long term weekly chart is bullish (STO). At least we are not in bear market yet. Pig's market, shall we say? See my power of fork.
Mid term daily chart is bearish (STO), but it shows break out of down trend line and H&S bottom. So, can't short big right now.
Short term 30 min chart is bullish with rising wedge. Bounce off support line, another Fib 0.5 bounce point. 5 wave move toward 1150 area? Not sure since it is too textbook.
short short term 15min chart is bullish. But, see there is always a big but, where is higher high? Look closely at two red areas, you can see the difference.
so, here is my thought. Short term maybe is bullish since 1100 was hold. Swing short need to break down rising wedge support line to confirm rally is over.
