$SPY recap for 5/2/23 with #Elliottwave!

Wow, what a wave 3 today! Intraday, but we really liked that first wave down. Did we expect it to move as much as it did? No, but did it surprise us? Kind of. Pre-FOMC we expect chop, but this market has been so choppy, the market was getting anxious and when we started to see more volume coming in on the downside and banks weak, wave 3 city!