SPY 2 Bearish Scenarios

1. Less Bearish Scenario

We have a 1-2 1-2 with the impulse wave 3 down in progress or still to come.

The difference between the 2 scenarios is the higher timeframe.

In this less bearish scenario, this move down is part of the primary wave C in the correction that started Jan 22.

Once is done a new cycle will begin.


2. Bearish scenario

In the bearish scenario, this move down is part of the primary wave 3 and not wave C.


We are still in the 1-2 1-2 waves down with minor wave 3 yet to come. All of these waves are part of the primary wave 3 in the correction that started on January 22.





Are you berish? What other alternate scenarios do you see?


Legal Disclaimer: The information presented in this analysis is solely for informational and educational purpose and does not serve as financial advice.