Right now, we all see that SPY is dicey. But I don't think it's a top. At least I don't want to think it is. I think we will come down and retest support again a the trendline. SPY is going to have hard time breaking out without the trendline, whether it is the 2020 blue trendline or the 2016 orange trendline.
Also don't get too scared by time cycles or jump the gun being short. They have a 1 month margin of error. I personally think July/September will be the next decent correction.
Also don't get too scared by time cycles or jump the gun being short. They have a 1 month margin of error. I personally think July/September will be the next decent correction.