S&P 500 IndexLong
SPY Retrace Completed at 4365 (2022-02-15)
Retrace Completed at 4365
1) the deeper retrace was lower than 4408 and eliminated the most bullish pattern short term.
2) 4365 marks the EXACT 61.8% retrace from the previous series 4222-4595
3) w-c is 1.62 of w-a
Outcome: High probability of a gap-up for 2022-02-15
1) the deeper retrace was lower than 4408 and eliminated the most bullish pattern short term.
2) 4365 marks the EXACT 61.8% retrace from the previous series 4222-4595
3) w-c is 1.62 of w-a
Outcome: High probability of a gap-up for 2022-02-15
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