WavesInvesting

SPY entering corrective phase

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Elliott Wave Principles

To me looks like an Ending Diagonal. An ending diagonal occurs in Wave 5 primarily, (which we obviously are) at times when the preceding move has gone "too far, too fast"

Context : Long bull run, Stochastic turning

Fifth wave ending diagonal leads to one thing: "dramatic reversal ahead"


These are my analysis please do your own. This is done for educational and entertainment purposes only.

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