$SPY Looks to Be Completing an Impulse Wave

Consistent with my pivot idea, $SPY looks to have gone bulltard on us. If this thought is correct, it has completed an impulse wave and hopefully will see a retracement (that would at least partially close the gap). After that, should it find support below, I would expect it to rally through the bull wedge to the orange box above.

SPY


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Your email address will not be published.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 *