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mak337

$SPY bullish case

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
mak337 Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Wave Analysis
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waveanalysis
The bullish case for $SPY is that we've just entered wave 3 of 3 of an extended primary wave 5. If this count is correct, look for another melt up starting end of day/Monday morning, continuing next week or more. There is a bearish case, too, but I like this count.

Not investment advice.
Comment:
Closed inside the channel (barely), and above the 0.618. With seasonality on our side, I think we start to melt up on Monday. Look for positive stimmy news this weekend (house votes tonight).

snapshot
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