SPDR S&P 500 (SPY)

[Fox13]

Gleno, here is a Bullish Gartley, which I posted before. One can notice that the down-trend was counted as a corrective ABC in which B is also corrective and A = C. This figure is in agreement with the bullish view (I.e. 12345 UP). Thus, the ABC down-trend is actually wave 4 of the previously presented bigger picture. The 100% extension, from the bottom of the formation, takes us to 1165.98. If we round up your 34MA target and this on, we could say that we go to 1166 - 1169. These numbers are close enough and I like them. The question is : will Da Boyz agree with us?