SPY Expansion Toward 700–720 or Thesis Fails

PeterDiCarlo
02-21 12:29

$SPDR S&P 500 ETF Trust(SPY)$ finishing the week green but still compressing.

We’ve got a 1B share node and point of control parked right here. That is real size.

Long term model stays bullish. Still targeting 700–720 by end of March.

Remember: the longer the compression, the bigger the expansion.

If this starts to roll and Monthly BX flips red, the bullish thesis is gone. No hesitation.

PS: Everyone’s calling for a stock market crash SPY ❌

I’m not there yet.

My system still has SPY in a bull cycle, but if one key signal flips, I’m looking for a 10 correction

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