$spy Elliott Wave count for the 4-29-2019

Today $SPY breached the all time high and stands at the $294.45 level and looks like the end of the wave 3. The reaction down in a a-b-c fashion and look for a new high starting after the wave 4 correction.

This surge in the SPY can be attributed to the earnings reports trickling in this quarter and like expected this will be the last of the final leg before to go down in wave 4 before we get to move again.

Share