QuantitativeExhaustion

SPY vs. VIX Elliott Wave Update

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
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Here is an updated Elliott Wave count chart of the ( SPY ) SPDR S&P 500 ETF . Chart also compares VIX with Relative Strength to measured peaks and troughs.

Comments



Too early to call, but starting to shape out a Triple Top
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Excellent chart
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Is there any conclusion to this chart? You see it go to new highs?
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Wave counts. I don't know if we will match or reach a higher high. Looking past the larger 5 waves (green bullish channel), what I do see happening is an A-B-C move after the most recent 5 wave correction. This bullish move will be quick and also correct quick. More money will be made on the correction after the A-B-C move
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