A bit of a summary of the first part of this chapter.
The SPY has been trending upwards since the beginning of time.
I believe the time has come for this bubble to burst mainly because of Elliot Wave Theory that coincides with the catastrophic macro economic environment.
Looks bearish on macro scale and daily charts presenting bearish divergences.
SPY could still...
The SPY has been trending upwards since the beginning of time.
I believe the time has come for this bubble to burst mainly because of Elliot Wave Theory that coincides with the catastrophic macro economic environment.
In the weekly chart I can see 5 impulsive waves that met their bullish targets.
Since then, monthly chart has lost momentum, which means every...
![SPY: [Part II] The the incomming Capitulation for the SPY](https://s3.tradingview.com/g/G2sGYwDu_mid.png "[Part II] The the incomming Capitulation for the SPY")
