SPY Market Direction (Minor Pullback Bull Market)

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SPDR S&P 500 ETF TRUST (AMEX:SPY)

AMEX:SPY SPDR S&P 500 ETF TRUST

waveanalysis elliottwaves spy elliotwaveanalysis

According To Elliot Wave Theory Wave iii typically is an extended wave. This means on a smaller scale (Since Waves exists within waves) starting at the ii we just completed 1 wave and will build the extension for another wave to run to the top of the iii.

"At least 50% of the whole game is the general market."
-William J O'Neil

"Don't let anyone tell you that you can't time the market"
-William J O'Neil - Chapter 9