No change to my game plan. I see us currently working on a 5 wave structure down (yellow circles) within a larger degree wave 3 down (yellow number circles structure within the yellow Roman numeral “iii”).
My price target is 273 zone, at which point I think we can see a small relief bounce for yellow “iv” up. As we get closer to completion for of these five smaller waves, a general area to target for price for wave “iv” should present itself.
Again, no changes. As per my last SPY post (the invalidation heading one), I’m sticking to this current wave count and have scaled into short positions.
My price target is 273 zone, at which point I think we can see a small relief bounce for yellow “iv” up. As we get closer to completion for of these five smaller waves, a general area to target for price for wave “iv” should present itself.
Again, no changes. As per my last SPY post (the invalidation heading one), I’m sticking to this current wave count and have scaled into short positions.