SPY
Think corrective wave c up of X is in (where the lil green 5 is). Watched price today as I think we start to reverse and go down. Plan is to watch if 276/277 is rejected to turn and continue down. If an a-b-c down, should be in 5 waves but not jumping too far ahead yet.
Started a short position right at the end of the day as price retraced back to a 50% retrace for the red abc.
Started a short position right at the end of the day as price retraced back to a 50% retrace for the red abc.
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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.