$SPY recap for 5/4/23 with #Elliottwave!

4 May 2023

The red monthly chart to start off the month is concerning for the bulls. There is plenty of time to finish this candle, and already on the weekly, we are seeing a bearish outside week with one trading day left. The bulls have a shot as there is some prior support at these levels, so we will see if they can charge with it tomorrow...