Eloquent

spy to 370 before going to 408 🏁

CME_MINI:ES1!   S&P 500 E-mini Futures
max pain on 3\19 sits at 373, which opens up this new idea.

we have a contender for an expanding flat.

spy is currently in a wave 5 of the larger degree, bound in this ever expanding channel.
this finishing move is an expanding ending diagonal type of thing, and is going to grind very slowly and tediously.

can't even short something like this, so i rather just be on the sidelines until this plays out.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.