SUre nuff hit some of those levels
His 151.31 level is a virtual downfan control line hit IF THEY HURRY
Spyisfalling , chart has been fixed 152.87 close above it .
Patience is the key .
I have a feeling that the fan system somehow ties into the 10 day system as well as the mid-violation-barhigh-barlow system. They keep testing that 151.64 level......then they back off.
So the piggy is stuck between 152.87 and 150.41 at least for now.
An easy way to do this is simply to look at the highest high and highest low of a time frame.
What is the highest high and what is the lowest low. Then start looking at the action.
2, 3 , 5 and 10 days......those are short term levels.....
so 150.41, 149.73 and 148.73 are the lowest lows.....
152.87 is the highest high for the 2 3 and 5 day range
and then the high of the year is the cluster of highest highs for the year......10 day and above.
So they have to try to make the lowest lows RISE to get the chart to consolidate and then attempt a push back over 152.87. We call it chart repair and it will start with a gap up and over 152.87.
BUt in the end, as I have said.....the worst longs in the history of the SPY have been over 152.26 and 151.82 for a long term upside move. Guess we will see, because If I know.....they know.