By measurement, we are at the larger wave 5. If this is correct we just have corrected with the 4th. That means we have a wave 5 coming up at 298-300 SPY.
By that if 0.5 fib breaks at 286, this scenario would not look too good. As we would have lower targets ahead.
By that if 0.5 fib breaks at 286, this scenario would not look too good. As we would have lower targets ahead.
Comment:
It went lower, than i expected. But since it wicked on the daily chart, it makes the count still Ok. I also noticed we hit a 1.272 extension measuring the A-B move for the C. Which indicates that this was a correction. If the 1.272 were to break as marked on the chart, this count is no longer valid.
