SP - Still Looking Strong

Saw some comments calling the top and today's action, the start of the Much Expected Wave C. I was looking for today's decline thinking it's Wave 4 of the current move with wave 5 to carry the market up to 500.

Reviewing the "looks", This view shows that SPY broke to new highs and this down move is the test of the breakout level. I took a long position at the .328 fib snapshot

Chart PatternsWave Analysis

Also on:

Disclaimer