AMEX:SPY   SPDR S&P 500 ETF
114 0 5
Price finally hit lower region of resistance. No follow-through on the long set-up I was watching earlier in the week. Most bullish possibility that the white (i)-(ii) is complete and price just melts up from here, leaving most behind. That the 61.8% is a typical target for wave i of 3 has me waiting for another long set-up, but over resistance pull-backs may be few and shallow until wave 3 completes.
Since the 1.00 extension at 218.86 hasn't been taken out I've kept the expanded flat for alt 2 on the chart. No way I'm going to short unless there's a break of support and higher probability set-up. Pull-backs are buying opportunities in my opinion.

Related Ideas

nick.holland78
SPY - 1hr
nick.holland78 PRO about SPY 4 3 months ago
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out