(Bear scenario #1 SPY)- Common retrace for both (ABC) and (WXY) waves is ("1" parity of origin wave) but can go deeper to the extent of (1.618) but at that point consider bearish alternatives from beyond that point. But we would like to see a reversal between from the characteristics of (Divergence from higher TFs and inclining (bull volume) with "Declining and diverging Bear volume" and a good Daily close) ///// 2nd scenario will be posted next for (WXY) As always these are my opinions : )