SPY: Using Elliot Wave Theory, predicting a move to 4.30 seems likely. ~RSI has room to go to 430, so it is not out of the question of possibility ~The VI looked like it was about to switch momentum to bullish, but the red line is starting to curve back upwards giving the question is it really a reversal to bullish yet? ~Using Elliot Wave theory's 5 part wave we have completed the first 4 parts and are in need of the fifth. This theory predicts group mentality overall and is often times the case. ~Previous waves hint that this may be the last bearish wave before the tides turns bullish
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