$VOO $SPY S&P500 Potential Running Flat Wave 2

AMEX:VOO   Vanguard S&P 500 ETF
I've been seeing many bear charts lately but many of the large-cap stocks that make up the S&P500 have already made big corrections in the previous Wave 4 of a higher degree back in December. It's true that the Wave 4 correction in the SPY was fairly shallow, but 0.236 - 0.386 are still high probability areas.

Many of the bear counts for the S&P are valid EW counts but until price action changes, I believe this current explanation has a higher probability of playing out.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.