AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY

Mod Schiff... Apply Fork Law... Rinse + Repeat.

SPY will test the lower parallel today.


FORK LAW

  • Price will reach the latest Median Line.

  • Price will reverse upon meeting the Median Line or gap through it. (Zoom through 24 hr markets)

  • When price crosses through a Median Line, it will pull back to retest it.

  • If prices reverse before reaching the latest Median Line, it will move away from the Median Line stronger and faster than the preceding move towards it.

  • Price will reverse at any Median Line or extension of a prior Median Line.



Fat_Fat
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