SPY will run out of gas soon

2019年11月20日Most of my posts will have a lot more verbiage associated with them than this one but in this case I think a careful analysis of the chart will reveal everything I want to convey. SPY is toppy here with Fibonacci extensions from two separate impulse wave together in a confluence zone. I see 315 as a potential top if we manage to get there. As always anything is possible as I think we will know soon per the duration of previous up-trends if we will make many more new highs or capitulate, I'm leaning towards the latter scenario.