SPDR S&P 500 (SPY)

[Dr Jerry]

Dow Deva the primary wave count says this is wave c up of B up with top estimate of 287, came close enough

alternate wave count says this could be wave a up of B up with b down of B to follow, this would fit with your estimate that wave a up finished yesterday , b down of B is starting with target of 264, followed by wave c (up) of B up to 320 climax followed by a new crash Wave C down.

B waves have a propensity to form extended triangles laterally before taking the final plunge

I honestly think the alternative count is going to happen and will coincide with a resurgence of the virus once the market economy is opened back up sometime in May/June with devastating effects on the supply chain, manufacturing and ineffective bazooka reserves of the FED.