whiteknightmoving
Long

SPY-SPX- Gonna make an Expanded Shark Pattern?

AMEX:SPY   SPDR S&P 500 ETF TRUST
Looks like we could be in yellow wave B now.
We're now Thinking we're in a possible expanded Shark pattern.
We should have the smaller (red labels) A-B-C up to finish the bigger Yellow wave B.
These wave B's can be very emotional and move very quickly and violently
We are still long from Friday and bought more calls at the open this morning
Feb 06
Comment: approaching target sell zone now, looks like the expanded shark is working nicely. Typical expansion patterns are 112.8% as shown , but can also go to 127.2%

Comments

Very possible, it needs to hit the next lower channel trendline. Right now it's being stubborn. If we gap up tomorrow, I am going to go with this.
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I agree; let's see how it reacts at ATH. Still thinking it could push to 340 before dipping again but definitely see some selling/profit taking at or around ATH.
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