SPY - Advance Charting -
Potentially in the process of forming a Gartley, however the "C" at .796 is slightly out of range if i am considering this recent move up beyond the C on the chart. (Thus, it's not clean.)
IF it continues to rise it could be the beginnings of a Cypher, which would require a move up to the 218-222 range.
I'm still bearish and would remain short expecting a move to 200 or less. That would change with a strong move up above 215.
IF it continues to rise it could be the beginnings of a Cypher, which would require a move up to the 218-222 range.
I'm still bearish and would remain short expecting a move to 200 or less. That would change with a strong move up above 215.
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