Alpha_Trades206

SPY Complex Correction Idea

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
Market conditions has been hectic as of late with little directional knowledge. I've tried to put together a wave count on spy futures. Although price action is a bit choppy, I do see more downside in the near future with the start of the Y wave of the complex WXY correction. $374-$376 has some confluence with fib extensions, demand zone, and AVWAP from a key point in the initial impulsive move. Interesting to see how this plays out, but this is just my perspective!

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