There is a great deal of uncertainty here, but if $SPY fails to move deeply lower, we may also count it like this.
Perhaps in support of this view is the $VIX, which is approaching one of its fan lines. It may pause there if it can actually get there.
If this happens we shall see 440 SPY by OPEX right, seems like a bigger correction for the start of year and an explosive rally after
A diagonal from the October lows hasn’t been invalidated yet. We could see a rally to around 4800. That would trick all the bears I see right now and trap a new set of bulls. Thoughts?
looking at the daily chart btw