$SPY Is anyone noticing SPY is losing steam, it’s taking more and more strength to break above highs and sell offs are more violent (5 day sell off is rare for SPY). Price has been moving sideways since Nov and it needs to get above $480 from here to reach a new ATH. $QQQ has already corrected by about 10% from $408 - $369 there’s a gap below at $436 that SPY needs to fill that would be significant enough for a correction about 9% ($479.98 - $436). Now the question is will the price reach a new high before or after a correction, seems like before to me but time will tell…..
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