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Chart of the Day |  7 February 2025

Elliott Wave View: SPY Looking to Resume Higher

Short Term Elliott Wave View in SPDR S&P 500 ETF (SPY) suggests pullback to 575.04 ended wave ((4)). The ETF has resumed higher in wave ((5)) with internal subdivision as 5 waves impulse. Up from wave ((4)), wave ((i)) ended at 585.99 and dips in wave ((ii)) ended at 578.35. From there, wave (i) ended at 583.81 and wave (ii) ended at 578.90. Wave (iii) higher ended at 595.56 and pullback in wave (iv) ended at 590.35. Fi...

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