Looking for an impulse wave after an ABC correction

Short

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Updated

AMEX:SPY SPDR S&P 500 ETF TRUST

Harmonic Patterns Wave Analysis

harmonicpatterns waveanalysis

this is a 38.2% retracement with a bull trap moving into 50% ready to snap

Comment:

Wow, hit the 61.8% to the penny. i was hoping to see something less than 61.8%, kind of concerns me with the strength here, My sentiment is now that we may be in for a double bottom and trend the other way. Hopefully it will pick a direction soon!

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