sophisticated-gambler

Start of a bull run? Micro analysis

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Additional chart to macro chart that I just posted. Here is my wave count for the hourly chart.

It is too early to say, still need to wait for confirmations but I believe that this is the start of a multi-month or maybe even multi-year bull run

To confirm this count we expect to see a very violent move upwards
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This count ended up being wrong, fortunately this does not change our higher degree picture

We ended up having to push #D to the pivot where little #B is and from there on on a lower degree we are counting either flat (till 24-05-2023) or a triangle (till 01-06-2023)

I definitely prefer a triangle count
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