SPY - Weekly err, not good

But then again, what does the SPY care what I think?  So it is at over bought levels that usually spell termination, it is at long term lateral resistance, it is in an ongoing bear market measured in a currency surrogate that is NOT inflated, and it is in an ending wave of a 5 wave structure (he said as if he knows much of anything about EW's - he doesn't).  Maybe I am just out of touch and do not get it.  But this picture, to me, really stinks.
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