$SPY seems to be tracing my forecast lines that I made in my post last night. It looks like within the next 2 weeks $SPY will plummet and retrace to a 165% fib re-tracement level. This would mean that it would hit a range below 175 which is absolutely INSANE. Of course, keep in my any fundamental events (ie: news) will ALWAYS trump and take precedent over any form...
This is my forecast using Elliot Wave Theory. I only understand the basics. If someone a lot more experienced w/ Elliot Wave Theory could publish an edited trading view chart from mine with explanation I would greatly appreciate the help! Thanks