SPDR S&P 500 ETF TRUST

$SPY - where are we going

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Thought I would take a minute to share my spy count. We are looking to bottom for wave v of A of the final leg down Y. We likely will be finding support soon (see divergence on RSI), also tech looking like it wants to relief rally. I expect us to rally up to the downtrend line again ~438ish where we will get rejected, again. That should then be the final leg down to the 420ish range, and that there will be a primary wave 4 bottom.

Then back to Rippy mode through maybe Feb-April next year. That will be the real blood bath.

Be smart out there friends.

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