SPDR S&P 500 ETF Trust

SPY analysis Alternative

68
Tech idea :

Probability here is we are in the
development of wave 2 from our wave 1 impulse

Wave 2 - Zig zag /// Sharp

Wave 2 - 0.382x wave 1

Wave 3 - 2.618x wave 1

wave 4 - Double zz // Style : Sideways

Wave 4 - Doesn't even meet 0.146x wave 3

Wave 5 - 0.382x 1-4 ( Ending Diagonal )

Strengths : Strong impulsive 3rd wave showed divergence for the 5th wave confirmation

Weaknesses : Wave 4 doesn't even touch 0.146x which again leads me back to this possibly being a continued
"Wave 4 correction".
Now "Time Fibonacci wise" we haven't even
touched 0.236 so if this is the "Wave 2" this correction is ongoing in confluence our 2nd wave hasn't even touched "0.236x"

Summary : Honestly I wanna see more from the market in this stance
, showing confirmation or any signal its following this count.

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