Its's been a complex correction, but a triangle looks to be forming. Which means, we finish it tomorrow (or overnight on futures) and we start the C wave towards 383-4 area (.382 fib.)
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they reached D, if they sell into close, that may be a bear trap for E
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if the triangle doesn't work, the ABC for B would, Either way. I'm going to wait for tomorrow to see where the market is at open. If it gaps down, It's likely a bear trap with C next. If we gap up, C is likely in progress.
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I think the end was a bull trap and we'll gap down tomorrow. Any gap down should be bought at some point to start the C wave up.
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Triangle idea is invalid, this is more probable for the next few days.
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target area reached on SPY
