SPDR S&P 500 ETF TRUST
Short

SPY - Closer view update Wave 5 = Wave 1

294
Here is the closer view of the end of the 5th wave = Wave 1.
Looks like we might see an ending diagonal pattern within the blue boundary lines.
Also (if this wave count is correct) we might see a 3rd of a 3rd wave gap up very soon!
Remember we think this is the ending formation of the rally up from the Oct 3 low.
We are selling short near the top target zone of 317.50 area.

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