61 2
SPY held above the 61.8% extension on this recent pullback. I believe we're in a fourth wave of some degree but unsure exactly so will tread a bit more cautiously until more certain. Will take long profits at the lower end of my targets, depending on where the price pattern achieves sufficient waves to be considered complete.
Even after a break out over 228 I won't be entirely sure where we are in this bigger impulsive wave 3. Watching...
needs to hold over this 61.7% red line and continue up. Otherwise, turning down from in this region suggests more 4th wave slop in some degree (see red A-B annotations)
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