Wednesday, March 27, 2013

Fibonacci Ticks 233-6765 TTM

TTM Wave A fell below zero in the collapse overnight and into the premarket hours in the morning. A squeeze formed at the lows off the open, with A wave rising and C wave positive prices broke higher with support from Williams' Alligator. There was another squeeze midday at the 1550 level that ultimately took prices higher. The final hours of the trading day, S&P 500 Futures were in a squeeze, and prices fell below Williams' Alligator Jaw (Blue MA). In the final fifteen minutes after the bell prices tested the Alligator's Jaw overhead and failed, taking prices lower.