gowithetf
Short

SPY SP 500 Time for a leg down?

BATS:SPY   SPDR S&P 500 ETF TRUST
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6
SPY has been suspended here in the last few days when all indicators say it is time for a down leg.

If you believe the elliott wave 3 count (using tradingview elliott tool) and you project your 4th wave based on time and price guidelines, we could see the SPY at 128 in the next few weeks during an ABC down move.

Yesterday was a down day - we need badly for today to be a confirmation down day as well and we might start our pullback.

Thoughts?

Comments

JR I appreciate you reviewing my chart and respect your disagreement. What is your opinion on SPY at this time in the short term?
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You also have an ascending wedge pattern that is about ready to break out. 156-157 is possible
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Leclaireur QuantitativeExhaustion
What about now, ready to plunge??
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Looking at the Vernal Equinox and Moon phases. Not looking good
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Leclaireur QuantitativeExhaustion
Lol! Lets all get out then"!
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Few bank closures around the world as well.
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