I believe ultimately we are due for a correction, we are in the beginning stages of our correction. This will be a long ride to the down side, I see SPY getting down to the $100 level if this pans out. #Inversecup&handle
Trade active:
Depending on the economic data that will be given to us this week I believe we will remain bullish until CPI is reported...... I believe the CPI is scheduled for August 10th.
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As stated before I believe the 430 level is a level that will not be broken, SPY should continue to make lower highs and lower lows on its way down towards our economic correction.
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Almost directly on path with my analysis.....