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$SPY - wave overview Ultra Bull PT 2
This is what I have for basically the Ultra Bull case.
We will see an ending diagonal for this wave 5 and if we extend similar to wave 1 and 3 ~ 130 pt gain, we could see 550 being the top and it would happen somewhere around June of next year. Note: the last 2 previous primary wave 5's did extend, so this is entirely possible. In this scenario the next local top (should be found soon) will be another BTD as we will be going into intermediate wave 3 of primary 5 of cycle wave 1.
Part 3 will be the bear case
We will see an ending diagonal for this wave 5 and if we extend similar to wave 1 and 3 ~ 130 pt gain, we could see 550 being the top and it would happen somewhere around June of next year. Note: the last 2 previous primary wave 5's did extend, so this is entirely possible. In this scenario the next local top (should be found soon) will be another BTD as we will be going into intermediate wave 3 of primary 5 of cycle wave 1.
Part 3 will be the bear case
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.