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⋅ Are you following my research yet?
Check out my SPY Cycle Patterns and decide for yourself if my predictions are accurate:
SPY Cycle Patterns for this week:
1/15/2023 GAP Potential
1/16/2023 GAP-Reversal
1/17/2023 Breakdown201
1/18/2023 POP
1/19/2023
1/20/2023 BaseRally301
1/21/2023 Break-Away
1/22/2023 Rally-111
1/23/2023 Carryover
1/24/2023 Inside-Breakaway
1/25/2023 Harami-Inside
1/26/2023 CRUSH
1/27/2023 Rev-Rally
Now, using traditional Fibonacci price modeling, we can see the recent support level held and a New High was reached.
This indicates the SPY will likely attempt a bit of consolidation/rotation over the next 4+ days, but will likely rally even higher in early Feb.
Follow my research. It's simple and easy to follow.