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Alpha_Trades206
Feb 26, 2021 2:19 AM

SPY Complex Correction Idea  Short

E-mini S&P 500 FuturesCME

Description

Market conditions has been hectic as of late with little directional knowledge. I've tried to put together a wave count on spy futures. Although price action is a bit choppy, I do see more downside in the near future with the start of the Y wave of the complex WXY correction. $374-$376 has some confluence with fib extensions, demand zone, and AVWAP from a key point in the initial impulsive move. Interesting to see how this plays out, but this is just my perspective!
Comments
MoneyMakerTrade
I agree 👍👍👍
Eloquent
love it 💲
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