$SPY and $QQQ inverse H&S cancelled. Expecting more blood
The inverse head and shoulders formation on the 1hour are dismissed. I am expecting 
SPY and 
QQQ to reach wave 3 target (around $383 and $304 respectively). Yes we are in a bull market but I don't mind a correction since we have had the most insane run from last March already.
And because I believe this is a correction in a bull market, I am only anticipating a sequential or combo 13 on the 1hour time frame. I hesitate to say we can see a 9 count on the daily but let's see how the market react to the 1 hour Demark signals first.
SPY and QQQ to reach wave 3 target (around $383 and $304 respectively). Yes we are in a bull market but I don't mind a correction since we have had the most insane run from last March already.And because I believe this is a correction in a bull market, I am only anticipating a sequential or combo 13 on the 1hour time frame. I hesitate to say we can see a 9 count on the daily but let's see how the market react to the 1 hour Demark signals first.
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