SPY: Still bearish to 351

1 בינו׳ 2023

There is no change to our previous calls on the stock market or Bitcoin. The SPY is breaking down to 351 from its rising wedge on declining volume(yellow). We had a nice spike in sell volume on the breakdown confirming the move for me. We are now in a symmetrical triangle on declining volume(red) getting ready to breakdown to 361 and eventually our 351 target. It may take a couple of weeks to play out but this is my primary perspective. If anything changes or becomes invalidated, I will let you know! I am out of the country and make a video when I get back! I hope you all had a happy new year :)