SPY - EW: Alt Count | Finishing W-5 of W- C of Yellow Wave B
This is an update:
So far this is playing out pretty well. We are building wave 4 through next week with an anticipated low of around 411-415 which is gap fill and area's of support. We created on the 15 minute a wave A down which looks like a 5 wave move down so could be generating a zig-zag down for higher degree wave A. Today's high looks like a B wave however, I'm being conservative as we could be finishing wave B towards upper grey area for tomorrow around 429-430.
Key area's i'm watching:
Up side:
427, 429, 430
Down side:
425, 424, 422, 420
Good Luck Traders!
So far this is playing out pretty well. We are building wave 4 through next week with an anticipated low of around 411-415 which is gap fill and area's of support. We created on the 15 minute a wave A down which looks like a 5 wave move down so could be generating a zig-zag down for higher degree wave A. Today's high looks like a B wave however, I'm being conservative as we could be finishing wave B towards upper grey area for tomorrow around 429-430.
Key area's i'm watching:
Up side:
427, 429, 430
Down side:
425, 424, 422, 420
Good Luck Traders!