@Elliottwave_Forecast:S&P 500 ETF (SPY) Elliott Wave Sequence Remains Bullish June 21, 2023 By EWFRaj Short term, SPY favors higher in impulse Elliott wave sequence started from 5.04.2023 low and expect further strength to continue in wave 3. SPY finished wave 1 at 417.62 high started from 3.13.2023 low. It placed ((i)) at 402.49 high and ((ii)) at 389.33 low as 0.618 Fibonacci retracement. It finished ((iii)) of 1 at 416.06 high and ((iv)) at 403.78 low. Finally, it ended ((v)) at 417.62 high as wave 1. It corrected lower in 2, ended at 403.74 low as 0.382 Fibonacci retracement of wave 1. Above there, it favors higher in wave 3 and expect further strength to continue before correcting in 4. Within wave 3, it placed ((i)) at 420.87 high and ((ii)) at 409.88 low as 0.618 Fibonacci retracement of ((