broughro

One last push up to ~245; then, OMG, watch out below

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
4
The Elliot wave count is very near completion of this primary and final 5th of a 5th of a 5th that will likely end around 245. The implication is that the next major move will be a primary degree correction that could very well end around ~60. Yes, 60.

The path of the 2007 downward correction is super-imposed here to indicate the expected minimum steepness to expect from this primary correction. It could very well be much steeper than both 2000 and 2007 corrections...
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