SPY struggled with 1500 and failed to close below it.
It looks like we could finish the elliott wave 4 and could turn into a wave 5 movements.
The wave 4 could form somewhere in the gap and the wave 5 target is the 50 moving average on the daily chart.
Lets see what happens today. Your thoughts?
It looks like we could finish the elliott wave 4 and could turn into a wave 5 movements.
The wave 4 could form somewhere in the gap and the wave 5 target is the 50 moving average on the daily chart.
Lets see what happens today. Your thoughts?