SPDR S&P 500 ETF TRUST

SPY Monthly to go along with my DIA Monthly

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We have an all time Bearish AB=CD that finishes at 182.02. There is also a Bearish Butterfly that completes in this area. This would also go along with my view of the DIA bearish butterfly that finishes at $162.79. Once these levels are hit, we will finally see a pull back. Whether that pull back leads to more dip buying and further upside is yet to be seen. I will say though that when monthly patterns complete there tends to be a drastic reversal in the opposite direction.

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