Same commentary as last weeks $SPY chart, there is still a lot more to go here for $SPY to reach our Wave 3 target at the 1.618 Fib at $470....so I am lead to believe that any selling from the Mega Caps will just transfer capital to the large cap stocks and the money will still stay in the market.
So mid to large stocks may benefit greatly over the next while....as we can see on a number of our regular charts that they are primed to move up Wave 3 now.
I believe the overall bullish trend will continue and any significant dips between now and the end of the year will be a great opportunity to add.
We will make our plan for what will happen at the EOY.
Gareth Neary
2023-08-05 15:08:17 +0000 UTCYoko Yu YYKK #4204
2023-08-05 07:25:10 +0000 UTC