The journey to 408, and the psychology behind it. E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Eloquent For starters, spy hit my target perfectly from yesterdays post: Secondly, we are in the midst of finishing the final wave 5 structure on the largest possible degree (dating back to the 1800's. Currently I have this 5 ending at 4083.50, but I wasn't sure how we would get there until today. >Sub-wave 3 impulses out of the rising wedge which spy has formed since September. >Dumps it into 3\19, but not as deep as everyone expects it to (bear trap) >Has one more final false breakout to trap the last of the bulls (bull trap) >Then we drop to 250 based on my good friends prediction here: I 110% expect a lot more bull \ bear traps along the way, and it is not going to be a smooth ride, but the numbers all check out perfectly. Be cautious, and as always, trade safely. πΈ