FractalTrader

Quite the rally, but...

AMEX:SPY   SPDR S&P 500
37 2 1
This count is still 3-wave             corrective. It means we can easily see another violent move down near term.

Could a base be forming? Possibly. But here it's good to keep an open mind and be prepared for further downside still.
5 waves up pretty much ensures prices will continue higher. In the meantime, 192.50 still looks like a likely pit stop along the way.
Reply
When correction happenshappens, 192.50 a key support level
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out