SPY - KISS

24 lut 2023

(for fun and observation).... drew this orange channel a while back with the thought of the median line being of some importance. Today it tagged the outer boundary and closed with a doji... History tends to rhyme, and if it does this go around, then the yellow count would be worth noting... both retracements (B) are at the 50% of the first measured move (ideal spot for a wave B to end) and today's daily close is a similar doji to the first one at (B). The symmetry of this set up would create harmony with the entire first measured move (ABC), with a termination in the 438/440 region. The modified Schiff Pitchfork seems to also like this set up. Should know by Tuesday if this has any legs. Also worth noting is the measured retracement of the (ABC) fist leg, which is at 50% and the doji that marked the bottom of that retracement. GLTA!