ST SPY Update

Last week SPY retraced to the minimum level for what I have labeled as wave B, which was the 23.6% retracement level.

Previous Chart:

I currently have today as wave iv of C. All daily indicators are still on buy. A drop below the 67 sma on the 10m chart will probably be the conclusion of the wave iv of C then a new all-time high will be wave v and shortable. Will keep you posted.

Updated Chart: