SPY BREAKING OUT... OR JUST ANOTHER STRESSFUL FALL...

Long

SPDR S&P 500 ETF TRUST (AMEX:SPY)

AMEX:SPY SPDR S&P 500 ETF TRUST

supportandresistance fibonacci elliottwaves elliottwaveprojection fibonnacci spy spx500 elon

From my last post, we have now broken above the .236 level and have continued to hold the .382 level to make the wave 4 valid and now looking for a wave 5 rally to $411+. If you are confused by the red lines those are support lines I have added in longer time frames or during the trading day. You can see we did not break the red lines also for even more confirmation for a wave 5 rally.

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