$spy - bears last hope - unlikely imo

Since we broke ATH's most bear counts were invalidated. The only one left is that we see a flat correction for our wave 4 bottom. I don't favor this but need to be mindful of all the different scenarios and then trade appropriately.

With this count we will see a WXY correction to the downside taking us down to backtest the breakout and form a double bottom scenario. The lowest we can go in this count is 426.