SPY - This isn't an 'Island Top'

Maybe, just MAYBE I've had a little bit too much hopium to drink. But I'm rather confident, this isn't the bear market everyone had been cheering for. Yes it's a size-able pullback, no doubt about that, but I'm still fairly confident the overall top before more bearish correction is in the $340 range. So please, unless we have a break under 296.20 - and I mean A SOLID break, not the price hitting past it on a 15 minute candle, I'm betting on a solid retrace.

Price point of Invalidation: 296.20

Overall Top Target: 343.76

In capitalism, the bulls win, the bears win, but the pigs get slaughtered.

This is a very hard market to predict, don't get lost in your bearish bias.