SPY Alternate Triangle Completed, Wave V Up Has Begun
It looks like the alternate SPY triangle count has won out.
Wave e appears to have completed with the lows 6/28. The first minor wave up (of cycle wave V) should be nearing completion of its 5th minute wave, and a wave 2 correction should set up a nice buying opportunity.
Wave V should bring the SPY to new highs, and eventually to the end of this bull market. Of course, a move below the 6/28 lows negates this count.
Wave e appears to have completed with the lows 6/28. The first minor wave up (of cycle wave V) should be nearing completion of its 5th minute wave, and a wave 2 correction should set up a nice buying opportunity.
Wave V should bring the SPY to new highs, and eventually to the end of this bull market. Of course, a move below the 6/28 lows negates this count.
