SPY has been suspended here in the last few days when all indicators say it is time for a down leg.
If you believe the elliott wave 3 count (using tradingview elliott tool) and you project your 4th wave based on time and price guidelines, we could see the SPY at 128 in the next few weeks during an ABC down move.
Yesterday was a down day - we need badly for today to be a confirmation down day as well and we might start our pullback.
Thoughts?
Comments
gowithetf
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JR I appreciate you reviewing my chart and respect your disagreement. What is your opinion on SPY at this time in the short term?
QuantitativeExhaustion
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You also have an ascending wedge pattern that is about ready to break out. 156-157 is possible
Leclaireur
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What about now, ready to plunge??
QuantitativeExhaustion
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Looking at the Vernal Equinox and Moon phases. Not looking good