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MishaSuvorov

Double bottom retest into uptrend wave 3 or wave 4 down trend?

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
MishaSuvorov Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis SPDR S&P 500 ETF (SPY)
2
3
trendanalysis spy
At the cross roads right now. Either in retest of the double bottom neck setting up for wave 3 of the uptrend or in continuation of wave 4/5 downtrend.

Ideas?
Trade active:
Set take profit 30% for quick long at daily MA 100
Trade active:
Canceled short setup, moved stop for long to $407.780 and take profit to $419.62
Trade closed: target reached:
Closed everything on Friday at $357.82. Expect retracement.

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