SPY chart update

The following chart of SPY was prepared on Feb 5,2016.
Note the Comments on the chart.

Courtesy of eSignal

The following chart of SPY was updated today once a similar pattern in the chart above appeared to be repeating again.

Courtesy of eSignal

As you can see the price pattern in the Feb 5th chart appears to be repeating in today's chart.
There are no guarantees that it will turn out the same way, but, it might.  So watch it carefully.


For additional information see the following charts of the DIA and the SPY using ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Note the similar patterns that are developing in these two charts.   One might expect that the OB/OS indicator may drift lower into the empty green circle on the bottom right of each chart.  If the pattern does repeat itself, this should happen late this week or early to mid week, next week.

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