The bullish case for 
SPY is that we've just entered wave 3 of 3 of an extended primary wave 5. If this count is correct, look for another melt up starting end of day/Monday morning, continuing next week or more. There is a bearish case, too, but I like this count.
Not investment advice.
SPY is that we've just entered wave 3 of 3 of an extended primary wave 5. If this count is correct, look for another melt up starting end of day/Monday morning, continuing next week or more. There is a bearish case, too, but I like this count. Not investment advice.
Note
Closed inside the channel (barely), and above the 0.618. With seasonality on our side, I think we start to melt up on Monday. Look for positive stimmy news this weekend (house votes tonight). 
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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.