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SPY - Wave Count

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Technical Indicators Wave Analysis
5
1
chartpattern indicator waveanalysis
This is one potential wave count. Everything says we're about to head down... but I feel like the market will reach higher. We are squished between two strong resistance zones, so either we will continue ranging or plummet. Guess we'll see.

If tomorrow opens down, enter puts.

If tomorrow opens up, hold cash.
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