SPX has completed a perfect “measured fork move” with the purple set.
might bounce here.
But it also might want to complete a larger move to the blue median line.
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L1 Stock Market Analysis 
Thanks Lunker!
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Hey L – I was waiting to see some fork action! Nice!
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Thx KZ. Also VIX closed outside BB again so been watching your chart for another buy signal. Just had one 4 days ago too. Can I post your chart?
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Thanks Lunker. Where would I go to learn to select the points to draw the Andrews Fork?
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KZ and I learned from a guy slater. Smart dude, bad teacher. Lots of great ideas but cryptic. The basics are you start with a high or low and attach a median line to it. Then you go to the opposite high or low for the second point and then again the opposite high or low for the third point. So it’s low high low or high low high. That’s the easy part.
The reality is you can put forks wherever you want them if they work. Slater and others would anchor the median line at the 50% fib of a move if the prior recent action was choppy.
Here is slaters repository but it’s a little scattered and thick to digest so take your time. You’ll need to lol.
http://www.mypivots.com/board/topic/6941/-1/slate-pile-6941
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