SPY Several Possible Outcomes For Fall 2023 Longs/Shorts

Green indicates Bull Thesis
Red indicates Bear Thesis
We have seen a rejection from our well-respected channel that began at the start of 2022.

Best Case Scenario (Bulls)
Dip to lowest point around 3800s, then retest previous highs of 4180.

Best Case Scenario (Bears)
Dip to lowest point around 3600, then slight leg up towards 0.5 fib around 3800, reject 3800 leg down to test new lows.