Expecting A nice Rally then BIG fall: LPT: 271 SPT 245.60
hourly chart
major resistant there at the mean of the system for the last 3 months center red line at 271
The mean is also 271.00 for the arbitrage band and the intermediate band ( 1 Trading Year) is out of space
so needs it needs to correct to it's over sold position of approximately 245.60
Coincidentally 271 will align to form a lower high in the elliott wave system as well.
Weekly Chart
Another Elliot Wave as it tests our momentum line with all Bands nicely stacked.
Ride to 271 and then run like hell!
Commentaire:
Steady as she goes...
Commentaire:
$10.00 down so far :D