SPY still bullish but this is the last move

Given the High in Feb25 at 619.22 ; the Low in Apr25 at 481.8, we have the following Fibon* extension targets

Target 0.382 = 681.51 Fair
Target 0.618 = 723.09 Expensive
Target 0.764 = 750.07 Overextended

In case SPY reaches 750.07 and declines afterwoods the correction can reach :
Target 0.618 = 570.55 Oversold
Target 0.382 = 633.38 Fair

In case SPY reaches 723.09 and declines afterwoods the correction can reach :
Target 0.618 = 562.63 Oversold
Target 0.382 = 619.20 Fair

SPY is likely to reach 681.51 in this Wave which we label Elliott Wave 5
Given the fair targets of the upcoming corrections at 633.38 or 619.20 it makes little sense to buy, unless one seeks to catch the latest upward move

It is not possible to predict how long this wave with last and how much time it will take to reverse


*calculated with the natural logarithms of datas