Based on Elliot wave theory, the ENTIRE market is nearing its completion of the 3rd wave. This coincidentally will happen just as the IWM is completing its full 100% retrace from lows which also follows elliot wave rules. The range to look for is $360-$365 with the mean target being $362. Everyone knows the entire market is beyond parabolic and way overvalued. there is not a single company that is not trading at a "fair value." eventually the rug will be pulled. Once wave 3 starts, we head into wave 4 which should bring us down to a minimum of $250 with a possible extension down to $200. This wave 4 will most likely follow the pattern of wave 2 with roughly 10 years of sideways consolidation. Meaning it can be a complex wave 4 having swings from $360 to $200. Once wave 4 is complete, we head into wave 5 which should easily carry SPY to above 500.