As a result of forming a triangle on SPY over the last couple of days, here is a possible Elliott Wave count for SPY. A bearish view is that we came off the September highs in a leading diagonal for wave 1, then began forming a large corrective 3-3-5 flat for 2. Triangles are often found in wave 4s, so I believe we could be nearly done with the 5 waves of "C" of the corrective flat. Once that completes, we should then begin seeing the beautiful, deliciously destructive forces of wave 3.
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