Eloquent

"the bull case for spy"

AMEX:SPY   SPDR S&P 500 ETF TRUST
the bull case suggests that wave 4 is completed.
was a very deep and tedious wave 4, but it was very valid to say the least.

>if the weekly low could hold,
>an expansion to $527 is expected by the end of this year.

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by now, 90% of the market has become a bear.
all of the bulls that were calling for spy 500, are now calling for spy 300.
this is the psychological shift that i look for when observing the markets.

w5 target = $527.

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ps. i discussed this idea for quite a long time. will leave a few posts down below for you to feast on.




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