$SPY TOP 20
Added 2024-08-07 19:34:35 +0000 UTCI have added the 1hr chart to show you the subwave movement of the price action over the last few days.
We can see that the price bounced in 3 waves higher, something I alerted about yesterday, it has now pulled back now and we can confirm that the bounce was not an impulse wave as it only had 3 waves in it and that is why it is selling off so hard now after being up +2% today and now red.
On the Daily chart, the 200 Day MA is still at $500, so I expect a pull back down to this level.
$SPY is still performing better than the $QQQ.
