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SPY bearish pitchfork analysis

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SPDR S&P 500 ETF TRUST (BATS:SPY)  
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Pitchforks SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) S&P 500 (SPX500) usmarkets usmarket
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pitchfork spy spx spx500 usmarkets usmarket
I drew these pitchfork lines before Oct. 15, 2023 when I posted my last SPY idea, titled "SPY: strong bullish pitchfork analysis" (see related idea below). At that time SPY was 427.48. Now it's 470.80. SPY reached the top pitchfork line that I drew back in Oct. 15 last year and is at this time expected to fall further.
Kommentera:
SPY broke through, and reached the highest pitchfork line, I now expect SPY to fall. Today it closed at 501.20.
snapshot
Kommentera:
Based on my pitchfork setup, I expect SPY to fall to at least ~465 over the next few weeks.
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