$SPY TOP 20
Added 2024-02-16 14:45:55 +0000 UTC$SPY is right back at the yellow trend line again for a retest of this level after recovering all losses from the CPI print coming in hotter than expected.
Another rejection at this level and we could see more selling in order to complete Subwave 4.
It is relatively flat at the opening so the selling pressure hasn't come yet or hasn't started.....but something to be mindful about.
A breakout above this yellow trend line and this is very bullish for the short term, if it was to hold above this level at $503.
Comments
Looks like we are getting more rejection now
Gareth Neary
2024-02-16 14:55:40 +0000 UTC16th of Jan was the start of small subwave 3 of Subwave 3
Gareth Neary
2024-02-16 14:54:55 +0000 UTCCap, can you see 5 waves in that wave 3? I'm not seeing 5 waves where the 3rd subwave is the longest? Is it possible we are entering subwave 5 of wave 3?
Jesse Gaffey
2024-02-16 14:50:58 +0000 UTCWe need a 'C' wave down still?
Trevor Sweetnam
2024-02-16 14:48:11 +0000 UTC
