The SPY intraday perspective, in this case I’m using an STRange 50 bar, shows price has been undercover of Bearish Butterfly PRZ. It’s basically been holding its breath and sooner or later will exhale. The initial exhale levels to break … Continue reading
Daily Archives: April 17, 2016
Premium Preview: Transportation In Traffic Jam
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IYT, the ETF for Transportation has stalled after completing a harmonic pattern, a Bearish Butterfly. I’m looking at an intraday perspective and in this case, using an STRange 50 bar chart. The Butterfly completed at 143.76 then jammed up in … Continue reading