SPY from here:
Not an expert wave counter by any means but can't make anymore sense out of price action then some sort of textbook impulse wave up from January 2019 into some type of flat pattern. I keep thinking triangle of some sort but not sold on that. It also doesn't appear to be an ending diagonal nor in the A position as a leading unless I'm missing a bigger picture. Well we'll see what happens. Either way I expect a break-down of some sort before any new higher-highs are made especially if we want some sort of Santa Claus rally come December. Cheers.
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