spy is close to a significant top too, like its friend aapl.
i'm looking at around 4700~4720 before we see that pivot to the downside.
the final move could take the form of a parabola, and could overshoot my target by a bit, so this is something i'm expecting.
any overly exaggerated move to the upside in the days ahead, i will short with confidence.
downside target on es sits roughly at 3970, which is a 12 year level that i've talked about in the past.
once this level is reached, i expect a move up to around 6000 in the year(s) ahead.
✌
i'm looking at around 4700~4720 before we see that pivot to the downside.
the final move could take the form of a parabola, and could overshoot my target by a bit, so this is something i'm expecting.
any overly exaggerated move to the upside in the days ahead, i will short with confidence.
downside target on es sits roughly at 3970, which is a 12 year level that i've talked about in the past.
once this level is reached, i expect a move up to around 6000 in the year(s) ahead.
✌
after this mini correction completes, i think we get one more rally to 4720+ before it drops for real.