SPY analysis using Elliot Wave. I am currently bullish as we have started wave 3 of the millennium cycle and almost finished with wave 1 of sub millennium cycle. Feel free to share your thoughts!
This is my Elliot wave spy analysis We have confirmed the beginning of wave 3 since new highs were broken, as I put in my previous analysis. Let me know if you have questions or challenges to my current model.
Spy analysis with Elliot wave Retracement phase seems to be over and it seems we have started an impulse wave in the bullish direction waiting for abc pullback to catch a third impulse wave
Spy Elliot wave analysis we are looking at a bearish idea because after an ABC retracement the stock will assume its original trend which is bearish, here I have a possible idea that may take place
After retracement I expect further upside movement towards 430-455 range before another market crash into the 350 or lower region
If spy goes below w1 high it will be considered a retracement if it stays above it will be continuation of wave 5 Here is a trade plan for me to take with great RR let me know thoughts