SPY - EW: Main Count
This is what I'm thinking. We have one of two situations.
1. We are still in wave 5 down and are in wave 2 about to make wave 3. Invalidation is wave 4 - 401.53
2. Wave 5 finished early (Truncated) and we are moving towards A,B,C. Thursday will be a very important day to see structure.
Ultimately, for wave 5 down we will need to continue downward and break previous low.
Key area's I'm watching:
UP: 400, 401.53, 403, 405
Down: 397.47, 396.36, 395, 393.89
Good Luck Traders!
1. We are still in wave 5 down and are in wave 2 about to make wave 3. Invalidation is wave 4 - 401.53
2. Wave 5 finished early (Truncated) and we are moving towards A,B,C. Thursday will be a very important day to see structure.
Ultimately, for wave 5 down we will need to continue downward and break previous low.
Key area's I'm watching:
UP: 400, 401.53, 403, 405
Down: 397.47, 396.36, 395, 393.89
Good Luck Traders!
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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.