cwsull
Long

SPY Wave 2 Completed 45 min Chart

AMEX:SPY   SPDR S&P 500 ETF TRUST
.618 Fibonacci retracement completes wave 2 at 283.48.
Wave 3 is typically 161.8% of wave 1 (9.1 * 1.618 + 280 = 294.7), target 294.7 before the end of the month.
Interesting. I’ve taken a bearish stance. Have the full chart in an idea, but here’s zoomed in.
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