$SPY TOP 20
Added 2023-07-16 20:15:41 +0000 UTC$SPY has not been as aggressive to the upside as $QQQ, no part of the chart looks extended and we can see that Subwave 3 is just at the 1.618 Fib now and Wave 3 has still a bit more to go to complete at the 1.618 Fib, so all within the normal parameters of EW Theory, whereas the $QQQ is extended a lot higher than our normal Fib levels set for Waves 1 - 5.
Again, any pull backs in the stocks that we own will all be healthy pull backs and opportunities to add to our positions.
So I am looking at $PYPL and $SQ as potentials here to add more when they pull back in their own subwaves.
I have the $SPY topping out around late March as it was slow to the party at the start of the year as the small and medium stocks greatly lagged behind the mega cap stocks.
