I isolated 2 major swings and a smaller reference channel C swing and then I CLONED them. As you can see SPY
is setting at just about all 3 CLONES top boundaries. It will be interesting to see if a confluence of forward CLONES top boundaries will be hit in the future. I will start adding more CLONES if SPY
can clear the red line resistance and all 3 CLONES top boundaries. If this is indeed the top and SPY
begins a prolonged correction we could see SPY
fall to bottom of CLONE C3 support as 1st target.