clearsunnysky
Short

SPY Minor Wave 3 Expanded Flat Correction

AMEX:SPY   SPDR S&P 500
spy
131 3 2
spy
Current count seems to have finished an double a-b-c count which could mean a further 5 wave down movement is possible. If Minor 4 is still not over, levels at 61.8% retraces to 165.
Comment: https://www.tradingview.com/chart/vzkhOmNK/
https://www.tradingview.com/chart/vzkhOmNK/

SPY is finishing a corrective structure with a first target at 241-244. Trade with care. Correction targets range from 157-170.
Reply
Chart disagrees with prediction. ;<
Agree in w5. W5 means pullbacks within 2-3 months. Agree w3/w4 is flat.
Never heard of double abc, but not expert either.
In any case, think you're prediction will occur, but you were bit early.
Reply
@tradeBob1, Yes, sorry I'm not an expert either. This could be turning out to be a wave 1 of a longer term 5th/last wave and if so, it could continue into 2020 for 4500-5000 on the S&P500.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out