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SPY - The trend is down to 400

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Elliott Wave Trend Analysis Support and Resistance inflation SPDR S&P 500 ETF (SPY) Contains image
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elliottwaves trendanalysis supportandresistance inflation spy containsimage
SPY has entered a correction wave. Target is 400. We can go lower if the wave extends.

Inflation is at a 40 year high. We need to raise rates asap.

Bulls are salmon right now swimming against the current into the bears mouth.

We broke a huge trend and remember the trend is your friend until the end.
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