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.
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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 If the 1.272 were to break as marked on the chart, this count is no longer valid.