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JerryManders

Bearish Wolfe Wave

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
JerryManders Aggiornato   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Wolfe Wave SPDR S&P 500 ETF (SPY)
14
15
wolfewaves spy
Expecting distribution around the 398-401 level through the FOMC and then begin drop Thursday.

Downside target is 375 by March 31st.
Commento:
Playing out as expected so far. Looking for a rejection here in the 396-398 range and then next stop on the path down to 375 is 385-388. After 385-388, likely will see dead cat bounce and then continuation down into the 370s
Commento:
Explosive downside toward target from here, could consolidate briefly in the mid 380s
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