Replies to post #313289 on SPDR S&P 500 (SPY)

[Dr Jerry]

All the indicators I follow are now on buys and it looks like they are not matured yet.
That being said, wave 4 down of cycle B up could be very mild, strong support at 295 and 287.

On the other hand, one can not ignore the growing divergences !!

There are large and growing Bearish divergences between major stock averages and their 10-day average Advance/Decline Line Indicators, and their Demand power measures, suggesting a top is approaching, and as these divergences grow larger, it supports a larger coming decline.

These divergences lend support for the expectation of a coming wave C-down trend for stocks.

First, SPY needs to tag 287 then it can complete the B wave toward 314 or possibly more before Cdown