The Short-Term Elliott Wave analysis for the SPDR S&P 500 ETF (SPY), starting from August 2, indicates an ongoing impulsive rally. From the wave ((iii)) peak, wave (a) declined to 661.98, wave (b) rallied to 664.65, and wave (c) dropped to 654.42, completing wave ((iv)). From the wave ((iv)) low, wave (i) reached 662.37, and a brief pullback in wave (ii) ended at 657.88. Wave iii ascended to 670.74, followed by a wave iv pullback to 666.78. SPDR S&P 500 ETF (SPY) – 30-minute Elliott Wave technical chartSPY – Elliott Wave technical [Video]