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rook2pawn

SPY Heading down. Massive correction incoming.

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
rook2pawn Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns Wave Analysis Trend Analysis SPDR S&P 500 ETF (SPY)
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chartpattern waveanalysis trendanalysis spy
I am not a financial analyst and these are just personal speculations.

SPY is heading towards a massive multi-year correction in that will see a temporary bottom in 2024 before finishing in 2030. Advise is to be careful and limit long-side exposure.

I would consider going into long dated call credit spreads at this point here.
Comment:
Yes I am predicting 10 years out - As innovation starts replacing elements in the SPY it will take years - while SPY heads down. I am not calling for a market crash - I am simply saying that the underlying dominance of FAANG is going to be disrupted throughout this time period as well as other traditional elements.
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