Short SPYG after five waves up

Short

SPDR Series Trust SPDR Portfolio S&P 500 Growth ETF (AMEX:SPYG)

AMEX:SPYG SPDR Series Trust SPDR Portfolio S&P 500 Growth ETF

This 60m chart of SPYG is almost identical to the chart of QQQ I posted earlier today. SPYG, or SPY Growth stocks, have been driving the recent move higher in the S&P, with SPYV (Value stocks) lagging the move. I'm counting what appears to be a five wave move nearing completion after breaking out of triangle consolidation. Looking for the index to form a near-term top and roll over. Initiating a short position at 36.00 with a profit target at 34.75.

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