Technical Analysis: - As you can see in the chart, SPY is doing a short term wave 3 in red - We expect that it will extend lower to finish correction around $300 ~$310 in the orange circle to complete the ABC correction of the wave II in red - H1 & H4 Right Side is Turning Down Technical Information: - SPY is a ETF and it has a very strong correlation with...
... When: The funding a 36-year stream of expected inflation-adjusted spending requires over 38 years of money up-front; Every single decile of S&P 500 components is at record valuation extremes; www.hussmanfunds.com The amount of leverage in the system (U.S. equity markets) is now easily the highest in history, by any measure, not just in absolute terms!...
Daily Technical Analysis on $SPY SPY, share your thoughts please. Levels To Watch: - Support(s): $351.59, $34.55 - Resistance(s): $357.56, $360.63 DotcomJack | Daily SPY