CosmicDust

SPY update - 6/19/2015

AMEX:SPY   SPDR S&P 500
spy
this is how the SPY             monthly look like as of this week's close.
Since 2000, we could have a classic extended correction pattern of the type W-X-Y-X-Z, whereby Z is about to manifest with a SPY target of 70. On the otherhand the rise since 2009 may alternatively be considered as a 5th wave (3rd-2000 & 4th-2009) with some further upward potential after a minor correction.
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