$SPY Is bullish on longer and medium cycles. We only like to buy pullbacks in 3, 7 or 11 swing to extreme areas where buyers can enter for a bounce. Right now it is favoured to be correcting the cycle from September 2020 low, we do not like to sell it, only like to buy in 3, 7 or 11 swing. The 420.00 area lower can be an area where a bounce may take place. Have to be careful and smart to take the right trade and not chase market action. #elliottwave #stocks