SPY is coming to the end of an ABC correction in Wave 4, which will lead to final Wave 5 at or around 500. Look for a final few sessions of selling into the weekend, then we will get a larger Wave 2 (ABC) to fill the gaps that were created at 530 and 541.
Note
Wave 4 completed this morning, which moves my final PT for Wave 5 between 503 and 497
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.