$SPY hourly showing lots of potential energy

Mar 3, 2021

SPY looks coiled in the 1hr, perhaps inside a wave 3 of 3 of 3. If it can break out of this channel, I'd expect a strong push up.

Mar 3, 2021

Note

Here's a look at the daily showing the next two greater degrees. I have SPY in an intermediate 3 of an extended primary 5th wave, which I believe will terminate in the neighborhood of $405 - $420 in April.

Mar 3, 2021

Note

Smallest degree wave three invalidated, but remaining degrees still valid. Needs to hold this lower rail to stay in the ascending wedge. Close below and I get v nervous.