SPY Wave 2 Completed 45 min Chart Long

SPDR S&P 500 ETF TRUSTArca

Description

⋅ May 20, 2019 10:15 PM

.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.

Comments

Teklologist

⋅ May 20, 2019 10:36 PM

Interesting. I’ve taken a bearish stance. Have the full chart in an idea, but here’s zoomed in.