Some Guesswork on $SPY for Now Through Thursday

If the structure on $SPY (here) behaves as expected, we may see something like this over the coming days. If the move from here to the target looks impulsive and if 5-waves seem to be completing, then it may be a “1” and we would expect some kind of pullback for “2.”

This will give us the “Secondary Test” noted in the first chart here.

SPY


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