SPY: Sticking with the macro ending diagonal (ABCDE) hypothesis. Currently in the final leg E within wave C unfolding in 12345. From here, we could still see a deeper pullback or print wave 3 to the upside. Key levels to watch: the 38.2–61.8 retracement pocket for support on any dip, and the 61.8 extension ($772) overhead as major resistance on the push higher. Heavy macro docket next week, keep risk tight.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.