Rally on $SPY Counts Beautifully as a Correction Now

I am gaining a lot of confidence on the bear count now. This rally from the 10th is starting to look like a beautiful corrective pattern. And if we’re “correcting” up, that means the trend is down. I might be wrong about this, but the orange “c” should be a beautiful 5-wave impulse, and that’s what we’re getting here (see the red 5-wave count that orange c is composed of). I could definitely see them running it into the close to squeeze anyone out that they can, and then dropping it Sunday night.

I could be wrong, but this looks great.

SPY


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