Sunday, August 06, 2017 2:07:41 AM
A bounce off the .382 can often show signs of strength still in the stock.
This is one of those what if charts. A butterfly pattern allows for a 2.618 extension over the B/C leg which would put the SPY around 255ish. That will be the next target watch for the TVIX area.
http://www.forexabode.com/forex-school/technical-indicators/harmonic-price-patterns/the-gartley-pattern/
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