SPY Possible Retracement Path

4 may 2020

SPY is boucing off key Fib levels today (04/05/2020), opening the door for a correactive wave up before another 5 waves down.

5 may 2020

Nota

Incorrect - Wave A began a lot sooner and completed around the 2818 mark. Wave C was impulsive as expected and finished in the 2873 region.
Currently, short from 2863 with a target of 2679 (100% retracement of major move down - Wave A).

14 may 2020

Nota

Outcome:
Prediction of wave end was correct.
Knowledge of corrective patterns needs refreshing