SPY Update

Price made a top just shy of the 1.382 extension fib and then reversed. Now, it has risen back up right into the area one would expect for a mini b wave. MACD is also curling down hinting at a possible move lower coming. If that is the case, and we begin moving lower again breaching $573.25, then the likely hood of a top for B raises exponentially. Should that be the case, then price will be headed to the $468-$389 area next. This means that the market as a whole will be moving significantly lower in the coming weeks.

Dropping to $468, the highest normal termination point, would constitute a 20%+ drop from current levels. To fall to the lowest standard area is almost a 35% drop. This is suggesting that the market as a whole is on the cusp of losing up to a third of its value. What could cause such a thing? Idk and idc. The only thing that matters to me, is what will happen. Currently, the structure is telling us that a major haircut is in store for the markets.

Some of you will scoff at such a remark. I don't blame you either. The world's largest market losing a third of its value is hard to fathom. Thats over 15 trillion dollars of capital just gone. If you look back just a couple weeks ago though, the S&P lost 21.43% or 10.179 trillion dollars in just over a month. Still think it's impossible? And that was just on the thought of tariffs. They hadn't even been implemented yet, lol.

I say all of this to make you aware of what the charts are telling us. Believe me or not, it doesn't really matter. When it does happen though, just remember, you were warned...