If so, you already know my research predicted the SPY would attempt to reach $425~$430 before attempting to form a top/peak.
Now that we've reached $425+, it is time to really start protecting your long positions and preparing for the "rollover-top" that will setup over the next 2~4+ weeks.
By my estimate, the SPY will top before June 15 (roughly) - forming a sharp peak, then rolling into a sideways (FLAG) price trend.
Eventually, the downward price trend will setup - moving the SPY back to the $395~$404 price area. This base/bottom will happen between August/September 2023.
Are you ready for what's next?
Use my research, my custom SPY Cycle Patterns, and all of my tools/algos to help you become a better trader.
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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.