SPY - 2 Elliott Impulse Waves & Fibonacci Retracements
2 Elliott Impulse Waves, the shorter term is mid-way thru wave 3 and is wave 2 of the longer term impulse wave.
Shorter term:
0: 295 (May 1 high)
1: 280 (May 13 low)
2: 289.2 (May 16 high), 61% of wave 1
3: 265 (en route, mid-Jun), 161.8% of wave 1
4: 273 (en route, late-Jun), 33% of wave 3
5: 258 (end of Jun/early Jul completion), 100% of wave 1
Longer term
0: 235 (Dec low)
1: 295 (Apr high)
2: 258 (en route, end of Jun), 61% of wave 1
3: 355 (Jun/Jul '20), 161.8% of wave 1
4: 323 (Fall '20), 33% of wave 3
5: 383 (Winter '21), 100% of wave 1
Thoughts?
Shorter term:
0: 295 (May 1 high)
1: 280 (May 13 low)
2: 289.2 (May 16 high), 61% of wave 1
3: 265 (en route, mid-Jun), 161.8% of wave 1
4: 273 (en route, late-Jun), 33% of wave 3
5: 258 (end of Jun/early Jul completion), 100% of wave 1
Longer term
0: 235 (Dec low)
1: 295 (Apr high)
2: 258 (en route, end of Jun), 61% of wave 1
3: 355 (Jun/Jul '20), 161.8% of wave 1
4: 323 (Fall '20), 33% of wave 3
5: 383 (Winter '21), 100% of wave 1
Thoughts?
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.