When we take a closer look at the breakout of this flag on the daily, we can see that SPY has 3 gaps to fill. The first being 442, then 431, then the final gap at 424. I expect these gaps to fill in after SPY tappers off around 559 ish if not sooner. Gaps should fill within the next 90 to 120 days before we move back up for the spring summer run of 2024.
Edit: the target was supposed be 459 ish not 559 before gaps fill
Proffesseas
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@impossiblebull, great stuff, think the action starts @ or around Jan 20. Vol Spikes Every 2 Years around then... 2018 2020 2022(weakest but still happened) 2024 gonna get WEIRD!