$SPY TOP 20
Added 2024-05-29 14:55:48 +0000 UTC$SPY chart and commentary from the weekend is playing out nicely here.
Pull back has started, in spite of $NVDA jumping 20% over the last 2 days, which is a telling signal because if $NVDA did not have this performance, the pull back would likely have been a lot more aggressive.
Testing the 0.236 Fib now but if this is Subwave 4 of Wave 5, we would expect the pull back to come down to the 0.38 Fib at $520, which is $444 and also the previous resistance level from March.
So this selling pressure can still continue into next week.
