7pasos

SPY Near a major resistance zone

BATS:SPY   SPDR S&P 500 ETF TRUST
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Under the elliott wave principle this is my theory for the SPY
If you change to weekly time frame can see that we have at 160.27 the 1 to 1 proyection W)) to Y))
And in the short term there are two near proyections for the end of the wave 5 of C) of Y))
I expect the price end the movement near this zones and then could be a good idea look for reversal signals.

Comments

There was no trade, just an idea, but seems pretty accurated dont you think?
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