FiboTrader1

SPY: The (not so) fun wave 2

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Historically, wave 2 is the biggest pest of all the waves. It is the wave that wants to fight for dear life to stay up in a down trend and vice versa. No matter, as all things have an expiration date. When intermediate wave 3 begins it'll be very apparent and it'll have people scrambling for liquidity. Today marked I believe marked the start as was shown in my last post, but tomorrow the bulls might try to fight one more time. Let's see what happens.

DISCLOSURE:

Not financial advice.
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.