Pinkspider
13:25

$SPY Wave B Top is in?

Zan says yes, as evidenced by $SVIX below.

Notes:

1) Yellow marks will hold as resistance at $18.10, just touched and rejected.

2) The frothy mountain that got us the 01/29 Macro Top will not be touched now.

3) The only direction for SPY and SVIX from here is down.

Invalidation is $SVIX > 18.20 which can destroy the bears (!!)

Go towards support, blue marks, means we start a deadly Wave C on $SPY and this time around SVIX will go below the blue marks. Bears will eat honey. 

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