SmartFlip

Spy Impulse Bounce Finished, Time for next leg down?

SmartFlip Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Spy has made 3 Impulse bounces , failed to cross the 0 line on mac D each time. these bounces dont seem anything out of the ordinary. No reason to panic! Rolled Spy puts way out just to be safe,
Watch for a break above 445 and a break below 441, I am long on these positions but the 30 M timeframe definetly shed some light on the past few days in the market

Just my opinion not financial advice. do your own DD or you will get clapped!
Comment:
Added Heiki Eishi instead of regular hollow candles to show the Impulse bounces, yes we have some gaps but theory is still in play. thanks guys
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