$SPY TOP 20
Added 2023-11-09 19:46:30 +0000 UTCI uploaded the $SPY chart twice yesterday to show that I am seeing signs of a pull back, first the rejection at the $436 level which is the 1 Fib and the same level where we saw a number of rejections in October (white circle).
Also showed an ascending triangle breakdown which is also a bearish formation.
Today we have seen this bearish move escalate and not a moment to soon.
Across the board we are seeing pull backs today and we have been waiting all week for this.
Although the pull back has been well overdue and we were waiting for it, it is still never easy to see red on your individual stocks, this is all part of the process, we can not go higher without these pull backs.
$AMZN and $AMD remain my top targets when they pull back more, then $PYPL and $ABNB.
For now, I am sitting tight, enjoying the value as the market pulls back, as expected.
