Spy setting up a massive rally here for the summer. As we know, Spy took a deep plunge after that consolidation previously towards the end of may and while retail believes we will head lower from these levels, think again. Some of my analysis included involves EW, key levels, chart patterns, and trend lines. We are currently in the leg up of the head of an inverse head and shoulder forming on spy as you can see. Using Elliot Wave Theory we can analyze the Wave 5 has been completed as know we are in a ABC correction wave. Key levels of mine have been marked at 3900, 4100, and 4400 as they are key turning points of support and resistance as we've tumbled down so far in 2022. The trend lines from lower lows and lower highs can confirm we are in a wide channel, allowing for massive rallies to occur in the right circumstances. My predictions go as, $SPY to 410 to around July 4th as the monthly candle goes from heavily bearish to another neutral candle with a long wick to the downside. From there we experience Wave B of the correction wave as we get a pullback leading into the FED meeting July 16th to the key 390 level, this will consist of fakeout's and chop as liquidity builds here for the next correction Wave. The FED will have no choice but to raise rates by 25 bps, creating more chop and fakeout's as the market is digesting and taking in the announcement also forming the right shoulder of inverse h&s. Wave C will be of a massive rally to 440 as no fed meeting till September along with August primarily being a great month for equities and markets historically, especially in a midterm year. My personal thought would be to offload many of my positions here as this was not the "bottom" as many try to call simply a more temporary level hold for a bullish summer. Please let me know your thoughts and opinions, would love to hear other perspectives and inputs on $SPY!