$SPY short term top downside from $521 to $481

is looking like it put in a short term top here. I originally only thought that we had the potential to fall to $545 or so, but now looking at the chart, I think we have the possibility of falling farther.

The two targets that I'm looking for on the downside are $524.35 and 481.18.

Let's see if they get hit over the coming weeks.

If they hit, it'll be the ultimate buying opp as I think from there, we're likely to see SPY over $700 in the coming year or two.

Note

Likely we bottom at the first support. $480 is for 2026.

Note

Just an FYI, I think we actually go a little bit lower than the first target. Looking at $511 as the level to bid bottom

Note

I'm actually thinking we go all the way down to $480, likely this week too.

Trade closed manually

Target hit.

benjihyam

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benjihyam

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