Hello traders, here is my analysis for the SPY. Looks like a WXY correction to me. There is a gap that needs to be filled at SPY 400, and I believe that we will do this. Also, at that point W=Y, so it will be a beautiful symmetrical correction. Good luck traders.
@Original_Stock_Whisperer, seems this downtrend is about to take us to 404 spy .... then anothr short term rally
Original_Stock_Whisperer
⋅
@lavontakeyamon, just another chart gone terribly wrong by this clown.
UnknownUnicorn32969573
⋅
@Original_Stock_Whisperer, yeah alltime highs are off the cards .... but i do like his setup towards the next support level
Original_Stock_Whisperer
⋅
@lavontakeyamon, if SPY breaks the box I drew this week.. I dont think we get lower than 403 as a general rule... we will though... we will be at the bottoms of the 3s and then some this year....
UnknownUnicorn32969573
⋅
@Original_Stock_Whisperer, yeah ... the market makers will snatch it back just like they did the other week wen spy went for 28 points in 2 days
Original_Stock_Whisperer
⋅
@lavontakeyamon, they need to...short term, they don't really have a choice. I do like the 430s to be re-visited though.