$SPY TOP 20
Added 2023-02-19 10:54:40 +0000 UTCWe added the small wedge towards the end of last week and we have seen that this has broken down and this was expected from the indications too. SPY has never held properly above the blue lines which were the previous highs so as always, until there is confirmation, our plan remains the same.
There is still a lot more to do on both sides so we will stay vigilant and monitor this as we always do a number of times during the week.
I suspect the drama is still not over but I am leaning bearish.
