SPY top forecast.

16 ก.ย. 2021

I think we are current riding wave 3 impulse move and will reverse when SPY reaches 475 to 505. Correction could bring it down to the 1.23 fib level. I tried considering March 2020 top as wave 3 and the current bullish wave as wave 5 but the proportion doesn't work as elegantly. the bullish cycle could see wave 5 far higher upto 600 700 SPY. I used the time cycles analysis as well with both cyclic and fib timezones. The tops are forecasted using past tops as seen in the chart.Jul 2022 could see spy top and reversal from there forming wave 4.