WAY OVER BOUGHT SPY.. GET READY FOR REALITY CHECK

Linear regression analysis clearly shows upper-band touching for SPY. This look eerily familiar to 2017-2018 transition opening yr.

I anticipate a 283 regresssion and potentially a 273 level if, geopolitics become skewed, ie. IRAN and other conflicts.. no to mention China, not signing on the "truce" not a true phase 1 deal.

cheers