BradMatheny

Advanced TA (Gann, Fibonacci, Elliot Wave, Others) Lead Trends

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
This is a complex chart showing the SPY in a broad spectrum of Advanced Technical Analysis. What you need to understand is this rally has stalled after a "scouting party" attempt to identify support above the long-term CYAN price channel (which also acted as support in early 2021 on the way down).

Failure to hold this support level will prompt a very big downside price trend that may retest the 2015-16 lows.

Everyone is talking about a Fed Pivot - but I don't see that happening.

I see a broad financial crisis event unfolding over the next 4+ years where asset values contract (homes, stocks, and others) in a global unwinding process. China/Asia are particularly at risk because they may not see any real recovery from their excess speculation phase until after 2027+.

The US markets may recover 2~3 years before foreign markets as the US has somewhat prepared for another crisis event after 2007-10 - but we'll see.

Failure at this point would indicate a potential for a new Wave 3 (downward) that could be rather large.

Learn to protect your assets as you identify opportunities. This is not the time to go ALL IN on any big trend.

This warning is CONDITIONAL. The SPY would have to move lower and break $363 to establish a new downward price trend.

Follow my research.

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