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SPDR S&P 500 ETF TRUST
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PHASES OF RECESSION

Oleh DeMarco_Fibonacci
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I believe ultimately we are due for a correction, we are in the beginning stages of our correction. This will be a long ride to the down side, I see SPY getting down to the $100 level if this pans out. #Inversecup&handle
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Depending on the economic data that will be given to us this week I believe we will remain bullish until CPI is reported...... I believe the CPI is scheduled for August 10th.
Nota
As stated before I believe the 430 level is a level that will not be broken, SPY should continue to make lower highs and lower lows on its way down towards our economic correction.
Nota
Almost directly on path with my analysis.....
Trend Analysis
DeMarco_Fibonacci

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