dereckcoatney

SPY is About to Puke

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
I am not an expert Elliottician, but this is my count: that, from the "head" as discussed in previous posts, which was the end of wave 2 of the bear market, we are beginning wave 3 down. It should be tremendous.

Wave 3 will be composed of 5 large waves. We have begun wave 1 of 1 of that 3. From the head, I believe wave 1 is done, and a corrective 3 wave a-b-c concluded wave 2 just now today. So, with gold, silver and Bitcoin all off the charts (lol see my posts on Bitcoin from last night; I totally called that one) and with oil falling out of bed, I think we're now due for a great puking.

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