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Jermme

Pull back - more upside before ultimately failing Bull rally

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Jermme  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Wave Analysis
4
0
trendanalysis waveanalysis
Pull back into wave 2 of 5 on spy. Looking to find support before continuing higher.. possibly mid week... Wave 3 of 5 should move pretty hard to the upside. Possible short squeeze as we will be entering resistance zones and hitting stop losses. BUT, Ultimately we should fail rally and continue lower. IMO to new lows.
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