Has $SPY Already Topped?
If we expand the 2022 downtrend by 100% - That is, we treat the 2022 swing highs as the 50% channel level, 
SPY has reached overbought levels as of last week.
SPY has reached overbought levels as of last week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.