Billhinge

Billhinge

Schiff Pitchfork for Apple, the pitchforks drawn are not arbitrary but use 3 points as pivots, lowest low, trend low and trend high entered through co-ordinate setting to be accurate. The line to watch is central red line, notice the oscillations aka consolidations around it as it becomes a support level then a resistance on failure. There is an 80% chance of...

Billhinge

Day started with gap up as expected, initial ramp was andrews pitchfork, sideways movement changed to schiff and then modified schiff. Expect dip at EOD due to distribution day as predicted by previous gap patterns and Fisher MTF

Billhinge

Median analysis of SPY trends using overnight gaps, retail buying to attempt 211+ then fade by professionals to bottom of trend retestinglng term medium. Ideal place for rally at start of buy back season

Billhinge

Trend since 2012 - Orange central line aka Median price, It has been tested several times but only broken on downside 4 times followed by a rapid rip up. The median line exerts an attractive 'force' from above and below This is an example of a Schiff Pitchfork, unlike ordinary trend lines its positioning is not arbitrary Note position October 2014 was...

Billhinge

Breaking the weekly trend would need a 10% drop to the rising Hagopian line, by end of year it will be 192, but once the lower FIb band breaks then probably will happen

Billhinge

Daily Chart showing current daily trend - Here we see SPY is sitting on its Median line. This is well tested now since November so is strong support until sentiment changes ie rate rises

Billhinge

Following on from Monthly trend, here is weekly trend. SPY above median of Schiff pitchfork based on QE market but slowly drifting down to soft land on rising median at 212

Billhinge

This is SPY plotted in monthly bars since 1994 to 2022. I have used a Schiff Pitchfork for Median line analysis. All prices should oscillate around median price until trend breaks. The current trend has held since 2010 and prices have been arcing away from median since. However, rate of growth is slowing and could turn negative in next couple of years....

Billhinge

Added Fibonacci Retracement using Constance Brown rule regarding price extremes. Also overlaid Camarilla pivots and key price activity. Anticipate upward move to 208.54

Billhinge

Andrews pitchfork analysis shows the current SPY trend. Following Andrews rules I expect a retrace to median line at 209.30+ with intermediate test of 20 Day MA and parallel median band at ~ 208.30. Clearing main Median line sets up attempt to touch top TARGET area. Failure at Hagopian line at ~206.50 (perhaps due to geo-political concerns) would invalidate...