Ok Readers, an Update on the condition of the stock market, S&P 500 and the SPY ETF. If the current Bill to 
raise the debt limit passes the U.S. Senate, then we have a new hyper pump to new all time highs in the stock
markets. Hyperinflation pump to de moon! If it doesn't pass, we have a debt default and we have 1929 all
over again. Either way it is either massive deflation tank or welcome to hyperinflation nation.

I purchased the S&P 500 SPY ETF when this indicator was  a -100% down trend on 

Opening Position: Bought SPY ETF: 5/2/2022 
@$406.44 with $100.00 USD allocated into SPY ETF.

Then: Sold entire SPY ETF position on: 2/21/2023 @403.56. This 
trade cycle was profitable, however it was a counter Trend trade. Counter Trend
trades suck.

here is the link to all of my SPY ETF trades: 

Ok, so is my trading logic for my next SPY ETF trade: This last trading cycle in the 
S&P 500 was profitable, however it was a counter Trend Trade. I am not a market timer. 

Look to Apple Computer to be the leader of the entire S&P 500. I have been purchasing
some APPL Apple Computer over the last several months and continue to purchase at higher highs,
thus adding to a winning position. My average cost in Apple Computer is: $165.09 per share. 

The all-time high Apple stock closing price was 180.95 on June 02, 2023.
The Apple 52-week high stock price is $181.78, which is 0.5% above the current share price.
The Apple 52-week low stock price is $124.17, which is 31.4% below the current share price.
The average Apple stock price for the last 52 weeks is $151.93.

Now that the largest market cap stock has a new All Time High price, Jessie Livermore would say:
"That Apple Computer" stocks shares are Never to High to Buy and the Trend is my Friend". 

I will continue to add to my APPL stock as long as it is Higher and Higher prices paid for shares etc.
Here is a Barchart link to Apple AAPL stock shares for your review: 

Ok, so how does this AAPL stock play into the S&P500 ETF SPY, you may ask? What I am waiting for
is for SPY ETF to close back up at it's all time high of $477ish, then I want to read the news Headline,
"S&P 500 ETF SPY closes at it's all time high of 477ish and the S&P 500 closes at a "new" all time high.
If this happens, I won't go all in. however, I will open a "new" long position in the S&P 500 SPY ETF...
then each week will continue to "add to my winning position" in such, only at Higher and Higher purchase 
prices...thus Never to High to Buy! This is a classic Livermore trade unfolding in the SPY ETF.

Just Good Old Support and Resistance folks! Can't wait to Buy the Breakout!

Not investment Advice and Not a Financial Advisor...Opinion Only!