SPY: Approaching Correction/Crash
SPY: CAREFUL
~Since March 2020, we are in a dangerous upward wedge. While we could continue to see this uptrend through October, there will definitely be a correction in November or December
^^RSI divergence since last September confirms SPY's impending doom
~Monday is probably going to be opening red throughout the market but it is crucial for 442 to be the strongest zone of support on spy if it want to postpone the inevitable correction and continue this overdrawn uptrend
^^If SPY continues through 446, 442 is the next support
~If it bounces off 442, initiate calls with a PT: 456
~Since March 2020, we are in a dangerous upward wedge. While we could continue to see this uptrend through October, there will definitely be a correction in November or December
^^RSI divergence since last September confirms SPY's impending doom
~Monday is probably going to be opening red throughout the market but it is crucial for 442 to be the strongest zone of support on spy if it want to postpone the inevitable correction and continue this overdrawn uptrend
^^If SPY continues through 446, 442 is the next support
~If it bounces off 442, initiate calls with a PT: 456
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