$SPY Bear count
This is my 
SPY Bear count, similar to what I posted during the middle of the week on twitter (@btwice2), but added the waves I see within C. I could see this extending slightly above the downtrend line just to get rejected and flushed down to the 420 range to find the real wave 4 bottom.
If this is going to happen the bears need to flush any attempt at rally early next week. A break above and backtest of the downtrend line and bulls regain control.
SPY Bear count, similar to what I posted during the middle of the week on twitter (@btwice2), but added the waves I see within C. I could see this extending slightly above the downtrend line just to get rejected and flushed down to the 420 range to find the real wave 4 bottom.If this is going to happen the bears need to flush any attempt at rally early next week. A break above and backtest of the downtrend line and bulls regain control.
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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.