$SPY - Extension higher favored
Sorry bears - just like the Q's I favor more upside before we top for either higher degree 1 or market actual top. And again I favor a wave 1.
You can see a cluster of reasons as to why I favor the top being 475-477 for our wave 1 (161.8 and 100 extension confluence)
Now is not the time to be complacent though, the bears have their time coming very very soon for a wave 2.
You can see a cluster of reasons as to why I favor the top being 475-477 for our wave 1 (161.8 and 100 extension confluence)
Now is not the time to be complacent though, the bears have their time coming very very soon for a wave 2.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.