SPY is Within a Few Points of the 1.618 Fib

12 Nis 2021

SPY is within a few points of the 1.618 Fib (over) extension. Are we finally seeing the top on SPY? Who wants to buy at these levels? With QQQ forming a possible double top, RSI's of 70 - 80 across multiple timeframes and indexes, everything and the moon priced in, we can't be far from a correction now. The question is, what happens when dumb money gets trapped at the ATH, and hold for the bounce that never comes...