Watch this as SPY Makes New All Time Highs

Watch this setup as SPY makes new all time highs for signs of impending correction

SP500 correcting from all time high, Breadth not favorable. NYSI < 500, means last all time high is at risk.

(Chart updated after the close of January 07,  2022)

 I plan to manage my longs using my short term trading setup. You can mange yours by using a trend line. The green trend line is more important than you may think. Remain long as long as price is above the green trend line, quite when it breaks.

*Why NYSI must rise to 500? See here:
http://www.mcoscillator.com/learning_center/weekly_chart/summation_indexs_magic_tricks/