Many will be ruined by this micro 4th-wave on the SPY if traders do not play it right. It is VERY possible we rally from this .236 level if this count is labeled right from the macro level 1 and 2 (which is in WHITE). If we are in now a 3 (WHITE) that .236 level could be the end of wave 4. Many are wanting the SPY to keep falling and blood to come, usually when this happens the opposite comes just have to be patient.
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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.