Stock Indices Developing Fractally

It is important to understand the fractal nature of the Market. Today’s Briefing shows how the three step countertrend rotation that appeared to be complete yesterday is still developing in a longer timeframe in three steps. Keep a close watch on SPY tomorrow. The projection for the completion of this countertrend move is right at extremely important resistance. Trading and closing above that level will suggest the move is developing into something else to the upside.

Leave a Reply

Your email address will not be published. Required fields are marked *