$SPY TOP 20 UPDATE
Added 2023-01-09 16:24:38 +0000 UTCI think the best way to show how W - 2 can look is by looking at a previous W - 2 on the same SPY chart....both Wave C's are looking similar, very extended, no significant pull back and once they have peaked, it dropped rapidly...triggering Wave 3 which was very aggressive....my thoughts are the same here.
This is my interpretation of the chart, traders do not need to follow my chart here, Long term investors want to see this break down, so we can add when it is lower when it gets to our target.
We are not concerned about daily and intraday moves.
