SPY has completed a 5 wave sequence.
-Wave 1 & Wave 5 Extended
-Correction Wave B went above the terminal point of Wave 5.
-Elliot calls this an irregular correction and can be subject to "Double Retracement". Double Retracement corrects Wave 5 and then the whole wave sequence.
I don't think we could see a double retracement due to economic conditions.
1. White House
4. Big Tech - Breaking News about Data Collection methods by FB, TWTR, and Google.