SPY: Sell Zone is 480-490. New ATH by May

As we expected, SPY completed its 4th wave and tagged the .382 fibonacci retracement of the 3rd wave. Now, SPY will begin a multi-week rally that will take price to the $480-490 level by approximately the beginning of May. Then you will want to "Sell in May and go away" because SPY should then retest the $430 level for support. Still on track for $550 by Q4 22 or Q1 23.