New Estimates for SPY

Too much to write out and I spent so much time creating this, but you get the idea...

=FIB

Comment:

also a word on the GameStop debacle...simply an excuse for the wave 4 we are having down now...we will be back up for wave 5, and then that is really when the pain starts, the wave 5 being the final bull trap of relatively short duration and magnitude similar to the wave 2 we had in this cycle

Comment:

we will be touching the RSI and price down trend lines in the next hour or so; from there, i anticipate big boys rolling and buying up to clear out all the shorts that were probably being placed today

Comment:

sorry i know this chart is a lot to look at but I couldn't fit everything in, but if you look at the cycles, it makes sense and falls in line with it all

Comment:

also, funny how the "news" seems to always align with market occurrences and cycles

proves to me that cycles are unavoidable

Comment:

Please see updated futures chart for new reference

www.tradingview.com/...Nle-Where-To-Now-ES/