08/17/2009 Intraday Update 1


Cobra's Market View Private Messaging System shows:


Now SPY hold on the support. We don’t have a new intraday low after 10:30am ET yet.

SPY30min

This is what I drew several days ago for the intraday update. I was kind of expecting a Complex H&S Top then, but now it seems it’s simply a H&S Top.

SPY30min2

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