SPY ETF Review

Both  chart servers I use,  has problems sending out chart data this morning.  In the mean time I will work from my Bigcharts source.

Any extreme vertical move from yesterday does not show up as well. Due to yet another extension, I started to work on the 2016-2017 wave count again using a single diagonal instead.  Early this morning the market saw a reversal that is impossible to see with these charts. The question will be if it is a temporary blip or if there is something more solid to it.  The Nasdaq took a swan dive this morning as well, so it’s not just one index that moved down. 

I have not been tracking any Gold/SPY ratios, but this morning it was 4.87:1 at our present peak. This ratio should expand as the market progresses into a bear market. 

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