Based on how I see the wave structure of SPY, SPX, NQ1, and QQQ, it seems more likely that we are at the end of Wave 3 rather than Wave 5. Over the next 2 to 4 weeks, I expect a sharp decline in SPY to 591 before a final rally to 640 - 660.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.