spy forecast based on waves, fib extensions and retraces.
this chart aims to identify the Price Targets Only identified by the orange boxes. Timing is flexible, so the orange boxes can be moved left and right depending in how fast the market moves.
lets see if it works out. we should see some sideways action for a while, but overall trend is UP.
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forecast still the same even though price slightly exceeded short-term lower target.
i think short term down trend is at the end and price will be going to circle 5 of iii.
222.70 is short term support. idea invalid if price goes below 221.83 before completing pattern. adjusted chart below (slightly lower target for Green IV
i generaly agree except i don't expect much sideways action.. this looks like a blowoff top in the making