SPY - I can't get any bearish setup from this chart yet

At this point a corrective wave ( iv ) down looks completed. I know it was a super shallow and disappointing for bears. But this is how Mt.Market works. It works like an inverse weighting machine. If a majority of traders look for a pullback down it just keeps grinding higher until bears finally give up and close shorts… From here we may keep grinding higher up to the next red target box that should finally provide us with  meaningful correction in wave 4 down.

SHAK - daily chart updated on 4 February 2019

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