TradingView
BradMatheny
Jun 2, 2023 2:14 PM

SPY Nears $425~$430 Target Level (Top) Long

SPDR S&P 500 ETF TRUSTArca

Description

Have you been following my research?

If so, you already know my research predicted the SPY would attempt to reach $425~$430 before attempting to form a top/peak.

Now that we've reached $425+, it is time to really start protecting your long positions and preparing for the "rollover-top" that will setup over the next 2~4+ weeks.

By my estimate, the SPY will top before June 15 (roughly) - forming a sharp peak, then rolling into a sideways (FLAG) price trend.

Eventually, the downward price trend will setup - moving the SPY back to the $395~$404 price area. This base/bottom will happen between August/September 2023.

Are you ready for what's next?

Use my research, my custom SPY Cycle Patterns, and all of my tools/algos to help you become a better trader.
More