AMEX:SPY   SPDR S&P 500
142 0 2
I'm strongly in the bull camp, but there are several feasible bearish scenarios, however improbable. Elliott Wave counts, Fibonacci retracements and extensions, and MACD divergences shown. IF bullish , negative MACD divergence not expected to hold. Slope of positive divergence on lower MACD would be less steep in green wave (2), naturally.
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