fenditendi

SPY - Quick Update

Short
fenditendi Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Nobody likes it when the market goes flat. Ambiguity kills both bulls and bears.

We are amidst one last 4th sub-wave down, before an exhausted 5th into 270.50-271.00.

Per wave count & resistances, I'm pinning this last 5th wave to end around Feb 4th. Coincides with fib timing.

Planning keep this idea updated until the 4th.
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Trade active:
Just smacked off resistance perfectly, entering position
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Power-hour should begin our slow descent
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Volume speaks - well, volumes.
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If 270.1 is broken, exiting all positions!
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There may be one last sub-wave 5 before the end of larger wave 5, so be wary!
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