fenditendi

SPY - Short

Short
fenditendi Aggiornato   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Wave counts, channels, etc on chart.

Wave 5 extended, sub-waves counted.

Estimated some potential ranges using length of wave 1 and wave 3-4 position.

If you disagree with anything, feel free to leave something in the comments!
Commento:
Just a little note, since that channel is very, very, very narrow.

Market may and likely will crash or flip hard at EOD today given indicators. It seems to have already begun!
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Targeting at least 272.
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Resistance showing at 275, lets see if we can get a breakthrough today.
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Zigzag correction (5-3-5) already showing the B wave, above is a hypothetical situation
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Either way, the short-term trend is upwards. Friday should see a good move up.
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RSI setting a mandatory gap up tomorrow...
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little higher than presumed, but wave B begins now! Monday should be a decent sized pullback (at or around 275-276 as target)
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jesus christ almighty even with BA down 11% premarket we see this massive upshot...

beyond predictions but same goal was achieved. buy puts now!
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