Expanded Flat Complete: 3 Down should be 1.618 x Wave 1

Short

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

Updated

AMEX:SPY SPDR S&P 500 ETF TRUST

spy spx500

Diminishing OBV with end of Wave 2 flat high supports conclusion of Wave 3 down beginning. Wave 3 is typically 1.618 times the length of Wave 1...let's see how it goes...I'm short.

Comment:

FAIL...close short

Trade closed: stop reached

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