This intraday chart on 
SPY illustrates a bearish 5-3 Elliott wave pattern.
There was a bearish impulse wave in the last part of December.
This was followed by a bullish w-x-y double zigzag.
Wave relationships appeared near $402 which is where SPY reversed.
If this pattern plays out, then SPY would likely reach $375 in the next few days while holding below the high near $402.
SPY illustrates a bearish 5-3 Elliott wave pattern.There was a bearish impulse wave in the last part of December.
This was followed by a bullish w-x-y double zigzag.
Wave relationships appeared near $402 which is where SPY reversed.
If this pattern plays out, then SPY would likely reach $375 in the next few days while holding below the high near $402.
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Free assessment + bonus training videos customized to your score:
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Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.