For me, this has been the most interesting chart of our Top 20 list because it has been absolutely flawless and if you are a big fan of the $SPY Contrarian View then you are going to love this chart too
$V is only showing Wave 4 complete now for us
The pull back came down in 3 waves and just held above the 0.38 Fib and the only reason it held just slightly above the 0.38 fib for a standard Wave 4 was due to the support of the 50 WMA
So Wave 4 looks complete now and there has already been a +10% bounce but only 1 wave so far in this final Wave 5
$V is a guide for us and we must respect it
If Trumps settles the Tariffs issue in 90 days then $V can move higher to our Wave 5 target and the Contrarian View can play out.