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.


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

Leave a Reply

Your email address will not be published. Required fields are marked *