And One More Variation for $SPY

In addition to this idea, since this is a bit of a steep plunge for a “4,” we may also squish things up a bit and consider the advance off the 5/20 to have already been 5 waves complete (for green 1), and this whole corrective structure a green “2.” It changes little, as from the high, we still have a large 3-wave pattern, and this latest leg of which looks to be in 5-waves.

SPY


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