Racegirl

Racegirl

Two possible counts for SPY along with symmetry. Obvious it will do something very different.

Racegirl

Shows the the last 5 wave up moves for comparison!

Racegirl

This shows the movements made in the SPY during the FOMC minutes in 2022

Racegirl

The chart looks to be repeating the pattern it played out in Apr -Aug. The old phrase down in an elevator up on the stairs doesn't apply. Each runup had 19- 20 less days and nearly gained all the losses. Soon will be short!

Racegirl

The waves are not measured, just wanted to show how the move down could play out. My dates are important dates by BR Schultz who does timing cycles.

Racegirl

Symmetrical move to the April to June move. The expected move is bearish. We could certainly dip lower, but the wave 3 should be 365-370 at a minimum to be larger than the recent wave 1. Expected drop into the end of Oct - beginning of Nov.