AMEX:SPY   SPDR S&P 500 ETF TRUST
Parallel channel connecting with w2 and W4 .

third wave is extensive wave ,because third wave is retraced above 1.61%.

support line =298.74

If price will fall down than 298.74,then expected a big fall

Resistance = 323.73

we are finding fifth wave.

in the fifth wave making a consolidation.
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