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SPY - Short: A Market Correction Could Be Coming in Sep 2020

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Wave Analysis SPDR S&P 500 ETF (SPY) spyshort S&P 500 (SPX500) SPX (S&P 500 Index) correction abcwave marketcrash marketcrash2020
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trendanalysis waveanalysis spy spyshort spx500 spx correction abcwave marketcrash marketcrash2020
Base on Renko candle chart, we easier realize an ABC Correction Wave are forming after Elliott Uptrend Waves completed.
This correction should stop at $315 - $320, right the top of 3rd Elliott Wave. That is important Demand Zone.
If a big Panic Sell happen, it easy to take SPY down to $295 - $300.
To break this downtrend, SPY needs to close above $352 for at least 2 candles of D1.
This scenario, in my opinion is only about 15% likely to happen.
Sit on hands and watch the trend.
Disclaimer.

P/s. I hope I'm wrong.
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