samsolong

samsolong

The SPY has to reach the 435 target to complete 61.8 % retrace of the primary (a) wave

samsolong

The $spy is finishing a WXY to resume the trend and go higher to finish the X wave!

samsolong

The correction we have had in W-X-Y is an expanding flat that retraced 38% from wave (ii) and now after hours heading up in wave 5 to finish off the intermediate (c) wave.

samsolong

SPY On the very high level we are doing a larger ABC correction pattern from the Covid lows on March 23rd 2020. In the ABC we are in the C wave of the primary degree 5 waves 1, 2,3,4,5 We just finished the 3 of the (iii) and going back to 4 and this could take us back to$ 406-$407 After that we drop again to finish the 5th wave.

samsolong

the pattern came within few cents of 1 overlapping 4 but the count is valid and we will see wave c go down to below #299

samsolong

$Spy is expected to complete the running flat correction and move higher this week, the price still needs to close below the low of A to be a running flat and that should happen this week and we should start going higher!