SPDR S&P 500 ETF TRUST
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SPY - EW | Main Count

405
This is how i'm figuring out the measured move for those who maybe wondering. One of the guidelines for an impulse structure is if wave 3 is the extended wave then wave 1 tends to be equal in duration AND/OR magnitude of wave 5.

There is a gap fill at 382.75, measured move is slightly below that. Lets see if this plays out. By no means am I predicting anything besides utilizing the rule set and guidelines of Elliott Wave Principles.

Good Luck Traders!!
Not
by the looks of it, they are just taking the more direct approach

Feragatname

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