$SPY at Extremes: Every Prior Touch Triggered a Pullback

TRIGGER TRADES

04-12 10:47

Every time $SPDR S&P 500 ETF Trust(SPY)$ tags the upper channel stretching back to the 2009 bottom —

It gets REJECTED.

2011.

2014.

2018.

2022.

2025.

Five touches.

Five rejections.

Zero exceptions.

You know what follows every single one?

Mean reversion to the channel midpoint - at MINIMUM.

2026 just became touch #6.

Number six won't be different.

Blaming Elliott Wave is like blaming technical analysis for a bad trade.

The framework didn't fail — the PRACTITIONER did.

Almost everyone is awful at it.

But the one time they apply it CORRECTLY, at the right time?

They're not reading charts anymore.

They're holding a crystal ball.

One taste of that precision and you're HOOKED.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Chinny92
04-13 19:03
Chinny92
Great article, would you like to share it?

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