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gatorfan155

Zig zag wave 2 about to finish an expanded flat

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
gatorfan155  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Wave Analysis Chart Patterns SPDR S&P 500 ETF (SPY)
1
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waveanalysis chartpattern spy
I have Spy finishing an impulsive 5 waves up fro Dec 24 to Feb 6. We are now in consolidation mode. I am looking for a daily head and shoulder pattern to play out as a zigzag. I have us about to complete wave 2 of the zigzag with this wave being an expanded flat and eyeing the 1.618 for the end of C. Great put opportunity if I see price topping out around the 1.618.
snapshot
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