Get started
kavindajd

SPY Possible Retracement Path

S&P 500 Index (OANDA:SPX500USD)  
kavindajd Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Chart Patterns Wave Analysis
7
0
trendanalysis chartpattern waveanalysis
SPY is boucing off key Fib levels today (04/05/2020), opening the door for a correactive wave up before another 5 waves down.
Comment:
Incorrect - Wave A began a lot sooner and completed around the 2818 mark. Wave C was impulsive as expected and finished in the 2873 region.
Currently, short from 2863 with a target of 2679 (100% retracement of major move down - Wave A).
Comment:
Outcome:
Prediction of wave end was correct.
Knowledge of corrective patterns needs refreshing
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.