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SPY / SPXL - S&P 500 Analysis - Outlook

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
$SPY 👀 – 08/16/2022| S&P 500 | #Future #Outlook 🎯 - 📸 🚨

📌 What’s good #PublicCommunity? Que es la qué hay corrillo?

📌 We’re still currently impulsing within Wave 3 of the Intermediate Degree (in blue). We’ve just completed wave (iv), in black, and should expect another brief rally to complete wave (v), in black, of Wave 5, in red, to complete wave (3), in blue.

📌 After which, we should expect wave (4), in blue, to commence. After 3-7 swings down for corrective waves, ABC, in red, we should expect another brief impulsive rally to complete wave (5), in blue.

📌 Upon the completion of Wave (5), in blue, this should kick off a larger ABC corrective waves, in blue, to correct the entire larger impulse wave 1, in black. After Wave 2, in black, is complete this will terminate a full market cycle. At which point, I will begin accumulating massive amounts of holdings for the next market cycle, waves 3 and 4, in black.

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⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️

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