SPDR S&P 500 ETF TRUST

S&P500 Primary Elliot Wave count.

Updated

Y wave went 0.618 to the tick.. w/ the hidden bullish divergence im leaning more bullish combined with the fact we didn't go 90%+ to meet the strong guideline for an X wave which would likely make this an expanded flat to complete 4 of the impulse that began in 2009.

still holding my puts waiting to see how Monday plays out.

Note

I didn't dig it out but W being multi zig zag.. hard to ignore precise reaction at .618 extension.

Note

this is just the general idea no specific targets for upside/downside

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.