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.
SPY is finishing a corrective structure with a first target at 241-244. Trade with care. Correction targets range from 157-170.
tradeBob1
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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.
AbbasShah
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@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.
SPY is finishing a corrective structure with a first target at 241-244. Trade with care. Correction targets range from 157-170.