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SPDR S&P 500 ETF TRUST

$SPY pullback before new ATH

1 117
SPY DAILY CHART

SPY is currently in a larger degree 5 wave move to the upside. We are currently forming that 5th wave on the larger degree, potentially also trading in the 4th wave of the intermediate degree

- A gap down would likely confirm my analysis, pulling into our wave 4 target zone

- If we hold, watch for a leading diagonal formation, targeting ATH

Alternative:

- Wave 4 is a WXY and we are only now forming intermediate wave 2
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Chart PatternsTrend AnalysisWave Analysis
Printing_Profit
Also on:

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.