7pasos

SPY near major resistance

BATS:SPY   SPDR S&P 500
109 1 0
Under the elliott wave principle this is my theory for the SPY            
If you change to weekly time frame can see that we have at 160.27 the 1 to 1 proyection A)) to C))
And in the short term there are two near proyections for the end of the wave 5 of C) of C))
I expect the price end the movement near this zones and then could be a good idea look for reversal signals.
This was replaced by the chart because the correction is a double zigzag not an ABC. (ups)
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