Apr. 9 at 7:33 PM
$SPY Wave B Top is in?
Zan says yes, as evidenced by
$SVIX below.
Notes:
1) Yellow marks will hold as resistance at
$18.10, just touched and rejected.
2) The frothy mountain that got us the 01/29 Macro Top will not be touched now.
3) The only direction for SPY and SVIX from here is down.
Invalidation is
$SVIX > 18.20 which can destroy the bears (!!)
Go towards support, blue marks, means we start a deadly Wave C on
$SPY and this time around SVIX will go below the blue marks. Bears will eat honey.