![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2iPl7p9JPc9Q7YWGD593XQTlQjsgl99aIDJP1mOGXZh1tnjggVqAYGiIQw_le_0rJxO4xgxNP-1DeSFievxx89Dn0OYB_VXvLfgxN9XM8V8fOas_ukKAVoyqMeduCCqRtqiExdVk1RkQ/s320/spy-7-27.jpg)
As of this posting, I have minute V complete at 98.40 for SPY and 982.49 for SPX. A new 5 wave substructure appears to be playing out to the downside.
The following are possible retracement levels (rounded) for the entire 5 wave impulse from 7/8 to today's high:
38% = 94
50% = 93
61.8% = 91
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