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$SPY - CONTRARIAN VIEW -
🕑 Added 2025-05-14 12:07:19 +0000 UTCThis is the Contrarian View of the $SPY that we have been sharing for the last few months
The big difference between this chart and the regular $SPY chart is that this impulse wave assumes that it started in March 2020.....after the Covid Crash.
While the regular $SPY chart started from the Great Financial Crash bottom, which ended in 2009.
I am not here to argue which side is more valid because both arguments are possible, which is why we have two views and both charts have been following the rules of EWT.
Typically a large event like the Covid Crash and the GFC Crash in 2009 can reset a chart and end a cycle and start a new one.
We have maintained that if the Tariff War makes no progress then a rejection can come before making a higher high and a lower low can come in next, this is the view of Buffett and PTJ and many other Superinvestors and it is a legitimate concern and still is.
But progress has been made, particularly towards China....and I believe the Tariff standard can come down to 10% across the board during the postponement period.
For now, our plan has not changed, no rejection and we let our winners run.
The $SPY Wave 5 target is $748.
Comments
Jake
What’s the “normal” SPY view? Last update was pre-announcement and we are now decisively above the 50 dma
Amar Patel
I have a $610 price target for 6/6. I believe the market has no choice but to run it up to ATH in May/June. There is too much greed.
Jay
How would the abc correction look assuming this target wave 5 is hit
Arsh Khan
If I want to add now should I wait for the confirmation at 588 to buy so that it continue the Wave5
Magopool
I also like an intermediate view of the normal chart you tipically present, with an expanded correction instead..
Joseph Obertlik
This will be what happens in the markets imo
Kad
Between the 50 and 200 DMA i see a slight pullback but not really sure whether this really counts as a subwave as well, hence i wanted to get your thoughts on that
Kad
Thanks for the update Cap, one question: how many waves do you count on this run from 480$ upwards ? So far only three waves or are we in the fifth subwave currently ?
Karl
Thank you Cap! Was looking for that content, much appreciated.
