- SPY is going to continue to correct until we hit the blue lined region where our W3 is. The last 3 candles on the hourly chart are showing bearish signs going into next week. I would say that SPY should be near $428 soon.
Do you know if a 3 3 5 correction can reside in wave b of a correction? if yes, is it limited to 535 correction patterns or can it work in wave b of a 3 3 5 pattern? I'm guessing this chart suggests the 3 3 5 in that gap up over regular zig zag, I dunno. thanks