Loading ...SPX / SPY Monitoring
While the action on the SPX may appear unremarkable this morning, the SPX is actually wedging to a decision point. Here are my real time monitoring charts on SPY (60 Min and 5 Min). The lower Green line on both charts is the Trading Cycle uptrend line. If price breaks to the downside, it will likely signal that this Trading Cycle has topped.
he 60min shows the wedge out of the Feb IC Low and the 5min provides a very close in view of same. Last Cycle update was here:
http://goldtadise.com/?p=365393
Standing by with SPXU if it breaks down below my green line.
test