$SPY - Extension higher favored

Sorry bears - just like the Q's I favor more upside before we top for either higher degree 1 or market actual top. And again I favor a wave 1.

You can see a cluster of reasons as to why I favor the top being 475-477 for our wave 1 (161.8 and 100 extension confluence)

Now is not the time to be complacent though, the bears have their time coming very very soon for a wave 2.