SPY short
The technical analysis that I ran this morning on the S&P 500 look as if it can be headed for a correction. Looking the history in the recent months the Elliot wave theory can be applied on the recent uptrend of the index. With the dip in May-June it looks as if the SPY may be going into an Elliot wave theory correction. Also looks like a double top reversal pattern forming as well. It is also important to note the amazing bull run the market has been on since the 2008 financial crisis. We are due for a huge market dip and this may be it.
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