Get started
JerryManders

Bearish Wolfe Wave

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
JerryManders Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Wolfe Wave SPDR S&P 500 ETF (SPY)
14
15
wolfewaves spy
Expecting distribution around the 398-401 level through the FOMC and then begin drop Thursday.

Downside target is 375 by March 31st.
Comment:
Playing out as expected so far. Looking for a rejection here in the 396-398 range and then next stop on the path down to 375 is 385-388. After 385-388, likely will see dead cat bounce and then continuation down into the 370s
Comment:
Explosive downside toward target from here, could consolidate briefly in the mid 380s
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.