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tendency

SPY: you'd seriously buy this?

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
tendency Aggiornato   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Wave Analysis SPDR S&P 500 ETF (SPY)
7
5
chartpattern waveanalysis spy
Rarefied air up here very close to multi-year top IMO. Sure, we can grind higher for a few months .. but all you buyers, look at the trajectory of this weekly chart. Do you really think it can keep going straight up for much longer?
Commento:
Looks increasingly probable as of this writing (2/23) that the 3rd wave in the markets has topped. We could be in for a sustained correction at this point. Inflationary fears look to be kicking in.
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