Another look at the SPY
Just a follow up on the SPY from my February 2017 post. We are still in wave 5. Could continue extension above upper trendline for awhile or turn on a dime tomorrow. There is plenty of overconfidence in the market right now and an attitude of "this time is different", but many will be disappointed and fearful when they realize they are wrong. Waiting for confirmation before declaring the end of the bull market. Until then, the bull market is without question still intact.
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