SPY Weekly w/EWT

٢٣ أغسطس ٢٠١٢

As per EWT the minor wave (5) cannot close higher than the major wave ((5). Hitting the upper Bollinger Band, Stochastic has crossed, %R is dipping. Analyzing whats available correction possible to 1359-1339 levels...wave ((C)) target though is 1247 (Fib 50%)