This has been a complex countermove off the may 13th lows. Everything since then has been one complex corrective move as shown. This move is close to over, we are in wave 5 of C, once done we will be in wave 3, and are looking at SPY 250, with VIX>40.
Trade active
Wave 2/B completed, we should be in wave 3/C now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.