$SPY another decent size gap, and no moving averages suggesting that there is nothing holding this market from making new highs. Still I believe that we are currently making a wide top that could last another 6 month to form entirely, and when it does, we are most likely to experience another major drop in the markets. Again this goes perfectly along the words of the amazing, and highly admired Steve Place @stevenplace. Again I like to emphasize that I learned a lot about Fibonacci lines, and measured moves with his youtube videos.

We will eventually have ups and down during this process, but I think we have seen a major top, or we are very close to it in my honest opinion.

$SPY 1st support is 156.06 2nd support 155.48 and 3rd is 154.48.

$SPY 1st target is 156.80 and 2nd is 157.21.

Trade what you see not what you think

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