SPDR S&P 500 ETF TRUST
Corto

$SPY nearing a top (Mid-May), support in the low $300s

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It looks to me like SPY is nearing the end of its bull run. We should see one more large push up. Thinking it'll top out around $425-$430 in the middle of May and find support in August around the $320 area (Green support line). If price falls under $323 and the selling continues, price could go all the way down to the lower support line at $287 where I would expect a bounce.

Key levels and pivot dates on the charts. Same idea as before, updated timing and levels.

Good luck.

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