This intraday chart on 
SPY illustrates a bearish 5-3 Elliott wave pattern.
There was a bearish impulse wave in the last part of December.
This was followed by a bullish w-x-y double zigzag.
Wave relationships appeared near $402 which is where SPY reversed.
If this pattern plays out, then SPY would likely reach $375 in the next few days while holding below the high near $402.
SPY illustrates a bearish 5-3 Elliott wave pattern.There was a bearish impulse wave in the last part of December.
This was followed by a bullish w-x-y double zigzag.
Wave relationships appeared near $402 which is where SPY reversed.
If this pattern plays out, then SPY would likely reach $375 in the next few days while holding below the high near $402.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.