Thursday, August 25, 2011

Come on Irene - A Hurricane Is Coming Graphically Speaking (SPX)

This chart is fairly self explanatory... what i want you to focus on is the FIB Fan in Blue  and the subsequent pivot points  within the trend (pre and post 1077) also focus on the subsequent wedge formation pivots in relation to the volume profile at bottom.. GREEN highlighted volume graphs are on green days.. red obviously were down days with 2x the volume.

What is to come tomorrow? Trade what you see.