First the 100 period CCI
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And then the money flow…
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The Bear Channel
Now that we have restarted the downward trend it is time to pull out the bear channel chart. The sub channels are by created by subdividing the main channel into fib zones. This should show all the major resistance and support lines. Enjoy!!
Bear Channel
The LinkUs Hub – “The Hub”
ApartOfNY is proud to add the Linkus Hub, or “The Hub” to our menu bar. Please check it out .
The LinkUs Hub was started by GoodVibe Market Vibes, or GV, and is a great place to share and learn about trading. A couple of comments on the hub from Gv’s site are:
What is “LinkUs Hub” or “The Hub”?
“The Hub” is one of a kind financial discussion-room where our fellowship of traders and investors gather and communicate LIVE with each other 24×7 to discuss all things related to the market. We post our contributions for others to read when they also stop by later to drop their own work. Others will come later to do the same thing in a free flow of information.
What “The Hub” is NOT?
We don’t do chitchat. No empty debates either. Long useless talk? Nope! Unverified claims? Nada! Unreliable analysis? Zip! Unsupported opinions? Zero! Emotional baggage? Hell no! Whining? Never! Bragging. No chance! Immature behavior. Never! Personal attacks? On our DEAD bodies. Herd mentality. Not anytime we checked! 
So try it out. The Hub’s mission statement is “Share, Learn and Grow”.
Futurama Update
Here is the updated Futures Chart – As you can see we broke up thru the Fib this morning, paused, and have now dropped back below the line. Let us see what happens when FOMC statement comes out at 2.15. My Guess is some chop/chop stop trigerring and then a sell the news.
Futurama
A Quick Look at the futures shows an interesting relationship with the Fib Fans. If it can break thru the resistance line then we could go up some more – if not then we could be looking at 1115-1120.
Vix – Updated Charts
I am still waiting for the VIX to return into its primary Long Term Channel before carrying out an EW count. Until then I give you the Long Term Chart of the VIX and a Vix Trading Chart:
Update on the VIX EW pattern
The pattern is still valid. It looks like the market is waiting for tommorrow morning to make a move. If I am right then we should see it rocket higher in a fifth wave.
Latest SP500 Elliot Wave count
The day started well. A correction kicked in at the 70.7% Fib Fan line (Jan 19 to Feb 5 ref line) and miraculously went all the way back upto to the 78.6% Fan Line – which acted as a key level of resistance. It felt like another wave 2 up, following a wave 1 down this morning. Did I tell you I hate wave 2’s. Anyway here is my highest priority count chart…
I have updated the SPY Price Prediction chart with todays prices
Also here is a close up on the SP500 futures withe major fan lines. Highlighted is the H&S pattern. As you can see the market seems to want to backtest every breakthrough.
S&P 500 Futures
Interesting chart. If support does not hold we could be heading for 1088.
ES022210
Fib Fans of S&P 500 suggest a volatile week
Looking at the SPY over a longterm with Fib Fans. You will notice both the devestating effect of breaking through a Fib Fan Line and also the confusion whilst at the line. The recent ups and downs of the market can be explained by this preparation to break through a major level of support (or a huge bounce if it cannot break through).
SPY Arithmetic Scale
Chart 2: This char is the same, however I have used log scale. In this chart we have already gone through support and have been retesting the now resistant trend line.
SPY Log Scale
You can see the retesting in more detail when we zoom into the intra-day activity.
SPY Log Scale Recent
Also look at the Fib Lines, from the March low on the S&P Futures. This should be a make or break week.
SP Futures Arithmetic Scale
