whiteknightmoving

SPY SPX SP-500 getting close to a turn soon?

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
This is the last of a 3 chart series dated 1/16/2019 - Zoomed in chart. We are looking for the completion of the Green Butterfly pattern to end near point D (shown). This area is also near the Pesky Gap! from Dec that needs to be filled (shown in red line). We are watching the dark green channel for the present expected 5 wave move up (shown in pink) to finish the rally from Dec 24 2018 lows... We expect a turn on Jan 18 2019 (+/- 1 trading day)... lets see if this works, and begin setting bearish plays!
Also of interest is the A=C pattern shown in pink that tops out a bit lower than the above stated targets. Also the 61.8% retracement of the Dec 2018 sell off is at 262.29
All of these calculations are in the "Sell Zone" and caution is now advised!
Comment:
also note that 262.29 is the 61.8% retracement of the Dec 2018 sell off! Again in the "Sell Zone"
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