$SPY recap for 5/30/23 with #Elliottwave!

Green month with one trading day left in May, so we will see if the bulls can hold or if the bears can get below today's low which could change composure on the weekly chart. That said, there was some tradable action this morning but the lows were defended with some power, so if those are lost tomorrow, the bears could have something to growl about in June.