Bull Market is about to Flip to Bear Market!AMEX:SPY
SO EASY A CAVEMAN CAN DO IT! 🤷♂️
It's the same thing on the NASDAQ:QQQ too
If we hold this month outside this WCB, it's over!❌
Not financial advice
SPY trade ideas
Some Thoughts on The S&P 500 Right NowIn my new 2025 project, I’m sharing charts with annotations on major risk assets right here.
Since the correction started in December, I’ve been marking key levels on the S&P 500 and have updated the chart again with today’s price action. Comparing today’s levels to the chart from earlier this week, it’s clear that patience has been the right approach. The mapped-out levels have held up, and even Howard Marks has been exploring the possibility of a bubble call. While I don't think that many people calling a top suddenly means a top is coming, actually I sometimes think the opposite, I still take note that people are possibly using this as a moment to adjust positions.
The tax year literally just ended.
A new administration starts in less than 10 days.
Record amounts of cash are still on the sidelines.
The point is, money needs to move, and downward market is the kind of action needed to start this process.
Now, back to the chart above, the market is back in its gap-fill zone, a magnet for prices that often highlights extreme optimism or pessimism in after-hours trading, only to reverse if things have moved too far, too fast.
So here we are on a Friday—no need to rush in. Instead, now is the time to start making lists of your favorite names. The correction has created opportunities, and being prepared is key. I’ll share some of my own picks soon.
This sell-off may even be a healthy rotation heading into the new administration, as markets reposition after the tax season wrap-up in December 2024.
So what does this all mean? If you have cash, stay sharp and ready. If you're long at this moment, I don't see this as the moment to sell. If you're short at this moment, I think you are just shorting in the hole and you missed the move! The chop back upward could be swift.
Best move in a market like this: map out your zones and be patient.
Bull & Bear into the New Year | Week 1 2025 $SPY OptionsAMEX:SPY
Last week, our $585 PUT 1/13 was a killer, producing two daytrades that ran for 50% and 132%!
Here is what we are watching for this week:
We have reclaimed bullish trend and expect consolidation within this range from $584.59 to $607.45. Last two weeks have been low volume and profit taking. We are using this bullish trendline for confirmation using 15-30 minute candle closes.
$601 Call 1/24
Entry: Retest and hold of bullish trendline
Targets 🎯: $599, $601, $603, $608
$590 Put 1/24
Entry: Breakdown and failed retest of trendline
Targets 🎯: $590, $584.59
$SPY #IslandBoy #ComingSoon like $PLTR $TSLA $VFCCrystal ball telling me AMEX:SPY is gonna leave put buyer's stuck on an island in the coming weeks/months.
Higher Lows + Higher Highs = Uptrend intact
I always mention "Shakeout B4 Breakouts"
AMEX:SPY wedge + Election = WallofWorry/Fear (Buy when...?)
Tomorrow could be filled with more "fear" perhaps a vol spike, but I expect/hope for AMEX:SPY to hold this gap down range then Gap up Thorsday and put up a strong gap + hammer candle...
- Prophecies
PS; If looking for recent #Island examples check tickers in title. All recently putting up "Island Reversals" after earnings...
Election = Spy "Earnings"
$SPY Recap of Last Week - Down on the Year - At the 4hr 200MARecap of Last Week - Down on the Year - At the 4hr 200MA and Election Gap
There is a lot to see in this chart and this is a recap of last week where we opened with a gap up above the 50 day moving average took it right to the downward facing 30 minute 200MA to the 1hr 200MA that is where we saw a massive rejection and that is at the red arrow.
From there we reversed and we took it back underneath the 30 minute 200MA average to the 50 day average the 35 EMA we drop down to the up gap from the first week briefly bounced on that before taking it back up to the 35 EMA getting rejected and flung all the way down to the four hour two removing average right at the election gap.
We are just about to head into the third trading week of the year and futures are underneath the election gap.
Let me know what your thoughts are as we had into the third week.
S&P 500 is gearing up for a drop to $348.11 or even $218.26.SP:SPX AMEX:SPY are gearing up for a potential crash. Markets and indices seem aligned for a downturn.
What will trigger it?
Hard to say, but watching the stock and crypto markets, it certainly looks that way.
My expectations for SPX / SPY:
➖ Fibonacci 161.80% targets have been reached.
➖ Key downside levels: $348.11 and $218.26.
TVC:DXY
The dollar index is leaning towards growth for now. I think it might follow this scenario. Let’s keep an eye on how things develop.
SPY Technical Analysis and GEX InsightsSPY Technical Analysis
* Support Levels:
* 575: Key support from the 2nd PUT Wall. This area indicates strong PUT activity, suggesting buyers could step in here.
* 580.5: Intraday support observed as the price hovers above this level.
* Resistance Levels:
* 586-589: Immediate resistance near the Highest Negative NETGEX and CALL activity, suggesting sellers could dominate at this zone.
* 592-600: Broader resistance as SPY approaches its CALL resistance walls.
The price action indicates SPY is currently consolidating near its lower range. The descending triangle formation signals potential bearish continuation. However, a break above 589 with volume might trigger a recovery towards 592-600.
SPY GEX Analysis
* Gamma Exposure (GEX):
* Negative GEX: Dominant below 589, increasing downside momentum if the price fails to hold.
* CALL Resistance: Above 592, CALL sellers will likely act as resistance until the price stabilizes above this zone.
* Implied Volatility:
* IVR: 28.4, IVx: 17.2: Slightly elevated, reflecting current market uncertainty.
* PUT Ratio: 65.5%: High PUT interest suggests hedging or bearish sentiment among institutions.
Market Direction
The SPY remains under pressure as it tests critical support levels. A break below 575 could extend declines toward the 560-550 zone. Alternatively, reclaiming 589 and holding above 592 might shift sentiment to neutral or bullish.
Trading Outlook
* Bearish Setup:
* Entry: Below 580.5
* Target: 575, with potential to 570-560.
* Stop Loss: 586.
* Bullish Setup:
* Entry: Above 589
* Target: 592-600.
* Stop Loss: 585.
Trader’s Reminder
Price gaps up or down are likely due to pre-market volatility. Recheck these levels before initiating trades.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Please consult with a financial advisor or conduct your own research before trading.
SPY will hit 633 the day after Trump is inaugurated on Jan 21stThe SPY will continue going up until Trump's inauguration on Jan 20th. I think there is a high probability it will hit 633 the day after Trump's inauguration on Jan 21st. (I have the arrow pointing to the fib number of 1.618 but I really think it will go higher than that)
I typically use Heikin Ashi Candlesticks as they show more of a directional move as opposed to regular candles. Typically, you are only supposed to enter after you see 2 green candlesticks of the Heikin Ashi Candlesticks. We currently only see one green Heikin Ashi Candlestick, so we should wait until we see a second one before entering, which would be Tuesday if the market shows a green Heikin Ashi candlestick tomorrow.
In the past, there has been an average move of 34 points on the SPY which would make the target point of 614.
But there has been an extreme move of 53 points in the past, which I think is highly probable with Trump is coming into office. I think the market will jump the day after Trump is inaugurated. (I have seen the market do weird things when Trump is involved.) That would make the target equal to 633. But that is an extreme point. I usually don't take current events into my trading predictions but with Trump's inauguration on the 20th, I wouldn't be surprised if the SPY will jump the day after and hit 633 and then move sideways or head a little lower after that.
The Fibonacci number of 1.618 is 618.18 This is a good second target point.
The move is typically a 9 to 12 day move, so my time target would be Jan. 15th to Jan 21st.
If the SPY hits any one of those targets I am out of my trade. But I am going to be prepared on Friday, Jan 17 at the end of close to see if the market is indicating a jump on the 21st.
I use the DMI, the Stoch RSI and the MacD to assist me in my trading and you can see on the daily charts the indicators are already turning to show a bullish move.
I had thought that the market may correct in February, but if you look at the weekly indicators, I think the market did a small correction at the end of December. I anticipate the market to go up in January and February and possibly March.
Happy Trading Everyone!!
"Market Corrections Ahead of the Presidential Inauguration."Corrections are a part of the stock market, signaling moments of weakness and opportunity. Here's a breakdown of the current market decline levels, ranging from the recent 5% pullback to the potential 20% drop that defines a bear market. These are the levels that I will be watching to let me know the momentum of this current shorter term downtrend.
Historical Context:
Over the past 50 years:
5-10% declines occur about 3-4 times per year on average.
10-20% corrections happen roughly every 2-3 years.
Full bear markets (20%+ declines) are rarer but significant, averaging one every 6-8 years.
This chart visualizes the current levels, helping traders and investors understand where we stand in historical context and where the market could potentially head.
Always remember that as hard as some corrections and declines can be, they all create buying opportunities for long term investors.
HEY SPYLOVERS ! Here is a Video Analysis on SPY (Price & Levels)Very strong movements and levels that we need to closely monitor, as we are entering a bearish market. We must exercise great caution during this decline and ensure that the price does not exceed the mentioned levels; otherwise, it will be cause for concern.
Best regards, and thank you for supporting my analysis.
SPY Monday TradeNever actively traded.
If after opening volatility trend breaks channel lower - No trade
If after opening volatility trend tests supply/channel and bounces back we take a long position based on levels shown.
2024 SOY: Start Of the Year, Market OutlookIn this SOY, I will be discussing the market outlook to help retail investors plan for the year ahead. Please note that this is not financial advice, and I am not licensed to provide such advice. The insights shared here are my personal opinions based on statistics, technical analysis, macroeconomics, and seasonality statistics to manage maximum position sizing on a per-asset basis. You should always consult a licensed professional before making any and all financial decisions.
The main tickers I will be focusing on are SPY, QQQ, MSTR (which is included in QQQ), and VIX.
Macro Economics Overview
Politics will be the single most deterministic factor for performance this year and over the next four years. Politics defines policy, policy defines macroeconomic conditions, and macros determine both the direction of a trend as well as the strength of that trend . Therefore, only inexperienced or uneducated traders ignore or object to the influence of politics when making financial decisions.
Additionally, we must consider several legitimate concerns that could impact the market, including:
- Environmental disasters
- Pandemics
- Commercial Mortgage-Backed Securities (CMBS)
- Federal Reserve interest rates
- Sanctions and tariffs
- Cyber warfare
- The potential for conflict with China
- SPY VS QQQ
These factors must be discussed, evaluated, and modeled in order to properly assess the risks associated with individual portfolios. With this outline out of the way, let begin...
Environmental Disasters
The unpredictability of natural disasters, especially in a climate-altering world, can disrupt entire sectors, particularly agriculture, commodities, energy, and insurance markets. This is perhaps one of the most lucrative areas to make money, as 30+ years of systemic mispricing of risk has compounded due to the entire field of economics and finance treating climate science as an "externality." This logical error and mismanagement means that insurance companies are now scrambling to rework their pricing and risk models, pulling out of markets. There will undoubtedly be political pushback against companies as a direct result.
Companies such as the following are most likely to be effected by this: AIG, ALL, PGR, PRU, MET, TRV, CB, BRK.A, BRK.B, LMRK, CI, UNM, FNF, AFG, AFL, MFC. On a more broad market,
leveraged ETFs like XLE (Energy Select Sector SPDR Fund) and DRN (Direxion Daily Real Estate Bull 3X Shares) can provide indirect exposure to sectors impacted by environmental disasters, particularly in the energy and insurance markets and Bear Call Spreads or Bull Put Spreads on these tickers may be more capital efficient way to hedge against risk compared to standard puts/calls. If you're looking to play this issue, these tickers and specific sectors may be worth doing your own research on and taking whatever appropriate step are relevant to you and only after speaking to a licensed professional.
Pandemics
The impact of pandemics on global markets can be both immediate and far-reaching. Historically, health crises like COVID-19 have caused significant disruptions across supply chains, labor markets, and consumer behavior, while exacerbating volatility in sectors such as travel, hospitality, and healthcare. Unfortunately the incoming American administration seems to not have learned their lesson that defunding pandemic response teams or the WHO is objectively a bad idea for everyone and has catastrophic economic and market impacts. The economic fallout from pandemics can lead to governments introducing lockdowns, stimulus measures (and inflation), and mass quarantines, all of which directly affect market sentiment and asset performance. While the immediate market response is often sharp and negative, opportunities exist for those who are able to identify long-term shifts in consumer behavior and industry transformation. For those looking to profit from potential market dislocations, ETFs like XLF (Financial Select Sector SPDR Fund) and XLY (Consumer Discretionary Select Sector SPDR Fund) may provide exposure to sectors that experience heightened volatility during pandemics.
Commercial Mortgage-Backed Securities (CMBS)
The CMBS market has shown vulnerability in recent years, particularly in the wake of rising delinquency rates on office and retail spaces. This risk may also be compounded by underwater bonds such as the one's held by silicon valley bank and the recent increases in the 10 yr. Banks holding large portfolios of CMBS have been reluctant to acknowledge the true value of these assets, waiting for them to transition from Hold-to-Maturity (HTM) status to Other Than Temporarily Impaired (OTTI) status, at which point they will be forced to mark these assets to market, likely at a steep loss. This has the potential to destabilize the financials of banks heavily invested in commercial real estate, particularly those holding assets tied to struggling sectors such as office buildings and retail malls. Leveraged ETFs like DRV (Direxion Daily Real Estate Bear 3X Shares) and SRS (ProShares UltraShort Real Estate) can be used to gain short exposure to the real estate sector, which is vulnerable to the risk of widespread CMBS impairments.
Federal Reserve Interest Rates
The Federal Reserve's interest rate policies remain a primary influence on market behavior. A rising interest rate environment typically pressures asset prices, particularly in sectors reliant on cheap credit, such as technology, real estate, and consumer discretionary stocks. Conversely, lower interest rates can fuel asset inflation, driving up equity and bond prices. As interest rates increase, companies with high debt levels or those in capital-intensive industries are more likely to face pressure on their earnings and stock prices. Leveraged ETFs like XLK (Technology Select Sector SPDR Fund) and XHB (SPDR S&P Homebuilders ETF) are often impacted by rate hikes, which raise borrowing costs. On the other hand, TLT (iShares 20+ Year Treasury Bond ETF) tends to be more sensitive to lower interest rates.
Sanctions and Tariffs
Geopolitical tensions, particularly involving sanctions and tariffs, can have an immediate and profound impact on market dynamics. When countries impose tariffs or sanctions, it can disrupt global supply chains, raise production costs, and lead to higher inflation. Sectors such as industrials, energy, and manufacturing tend to be the most sensitive to trade policies, with tariffs acting as a hidden tax on businesses that depend on cross-border trade. To hedge against such risks, leveraged ETFs like XLI (Industrial Select Sector SPDR Fund) and XLE (Energy Select Sector SPDR Fund) may be relevant, depending on how tariffs are applied. Shorting specific ETFs through Put Spreads or Bear Call Spreads can also be used to mitigate exposure to sectors most affected by escalating trade barriers or sanctions.
Cyber Warfare
The rise of cyber warfare represents a significant risk to businesses and economies globally. As attacks on critical infrastructure, financial institutions, and large corporations increase, markets may react with volatility, especially in tech-heavy sectors or industries that are heavily reliant on digital systems. The increasing prevalence of ransomware, data breaches, and other malicious attacks can lead to costly disruptions, decreased consumer trust, and regulatory fines. Companies in sectors such as technology, defense, and financial services are at the highest risk of cyber-attacks. Leveraged ETFs like HACK (ETFMG Prime Cyber Security ETF) can provide targeted exposure to companies focused on cybersecurity. Additionally, options strategies such as Protective Puts and Straddle Spreads can be useful for managing risk in the event of a significant cyberattack impacting the market or a specific company.
The Potential for Conflict with China
The growing tensions between the U.S. and China present a major risk to global markets, particularly in sectors reliant on international trade. If conflict were to escalate, either economically or militarily, there could be profound consequences on global supply chains, trade agreements, and investor confidence. A leveraged ETF like YINN (Direxion Daily China Bull 3X Shares) can provide exposure to Chinese equities, while YANG (Direxion Daily China Bear 3X Shares) provides inverse exposure to China’s stock market. When Russia decided to engage in a costly conflict, which to date has sacrificed more russian lives than the total death of both nukes on Japan, leveraged ETFs like RUSL (Direxion Daily Russia Bull 3X Shares) became a particularly effective tool for profiting from volatility associated with geopolitical instability, though the delist made it difficult to fully capture such profits.
MSTR’s Impact on SPY vs QQQ Performance Differentials
The inclusion of MSTR (MicroStrategy) in QQQ (Nasdaq-100 ETF) is a key factor that could cause significant performance differentials between SPY and QQQ . MSTR's heavy exposure to Bitcoin ties its performance directly to the volatile crypto market. A future crypto winter—a prolonged bear market in crypto—could cause MSTR to underperform, negatively affecting QQQ due to its weighting in the ETF. If this happens, QQQ may undergo rebalancing, potentially removing or reducing MSTR's weight to mitigate the impact. This would create a divergence between QQQ and SPY , as SPY is unaffected by crypto’s volatility and remains more stable with its broader sector exposure.
Thank for reading this year's SOY!
I hope you enjoyed this and I wish you all the best luck navigating the market.
Don't forget to hit the boost, follow and consider gifting a subscription if this helped you in anyway.
Stock Market | TSLA NVDA AAPL AMZN META GOOGL MSFTStock Market QQQ and SPY Analysis
Mag 7 Analysis | TSLA NVDA AAPL AMZN META GOOGL MSFT
SPY: Bullish Continuation & Long Trade
SPY
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long SPY
Entry - 580.51
Sl - 574.58
Tp - 592.40
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
SPY - Next 15 Pts Down a Gimme!Pretty obvious head and shoulders top with neckline broken. below 565 projected target.
Bulls have been giving it their best to keep this rally going but all good things come to an end. Soon, the Bears will be in charge
SPY H&S is breaking. The market may have just flipped!H&S Broke it's neckline and the overall $580 Support.
We are seeing this break of support across the NASDAQ:QQQ AMEX:IWM as well.
This is all leading me to believe strongly that we are now in a crash or correction in these markets. I personally sold out of all my TRADES and am HOLDING and DCAing in all my INVESTMENTS.
The difference here is my Trades where to the upside and with the markets telling us where we are most likely heading now I am not staying in trades to find out if it will be for 5% or more to the downside from here as this would lead to all long trades getting pulled to the depths of hell.
There are no certainties, and before, based on what I was seeing, I said I believed we would bounce and hold this area (Which could still be the case), but all reasoning behind that has been ruptured, and I have nothing left to believe in that besides small criteria.
To be a good or profitable trader, you need to be not stubborn, follow a set trading strategy, and be reactive to the markets and what they are telling us—not go against the overall trend! All we have are charts and indicators to help us make our best assumptions of what will happen. More criteria pointing in one direction is the way you have to assume we will go...well we went from pointing up and for an imminent bounce to most criteria pointing down for what will either be one of the biggest fake outs ever's or a correction/ crash in the markets after a massive 2 year bull run. Only time will tell at this point, but I wanted to make this post to inform everyone here about what I personally did and what I'm seeing.
I DID TALK ABOUT A CORRECTION/ CRASH THIS YEAR IN THE MARKETS IN MY 2025 PREVIEW BUT SAID SECOND HALF AND THAT WAS MY BEST GUESS...
As always this is NOT FINANCIAL ADVICE and NEVER WILL BE!
Everyone needs to play their own book and make their own ADULT decisions.
Spy Road To $615! Still Strong?Be very cautious ⚠️
If you are considering releasing your positions due to a stock market crash/ Recession!!! You are correct, but just releasing and selling everything is not how the market works!!!!
IN MY OPION AND THESES AND STUDY AND HYPOTHESIS WITH THE INFORMATION I HAVE!!
The Most likely scenario you would see (to catch 90%) investors) and trap them ,if this was a start to a Recession or bear market!!! Would be to sharply increase price upwards fast and for a short duration (A.K.A Blow Off Top) allowing for People to fomo bk in to all there stocks etf's ect and then to truly drop the bag on investors
Creating a huge bull trap, so in my opinion i would not sell and i would ADD
And be sure to take advantage of my 1 month free gift on patron link below limited number of gifts
As always Goodluck traders and safe trades!!!
As always JoeWtrades
SPY TARGET METGave my levels on SPY on the 4HR on Wednesday if 586 couldn't hold. Jobs report came out on the strong side, gave a great flush to the downside in the morning. 580 target met, buyers stepped in and SPY bounced off of that level to the upside. Pretty easy play to end the week.
SPY Hourly Insight 01/08Today SPY did manage to fall below that 586 level that I mentioned yesterday, and filled that gap below. Buyers quickly stepped in and defended that level again. I'm bullish only if we continue to defend that range. Today was definitely a scalpers paradise, on the hour we ranged and chopped all day. Tomorrow markets are closed in remembrance of President Jimmy Carter. We are double inside on the hour for all my straters out there, which could give us a push to those higher levels if we break out of that consolidation. These are the levels for Friday that I will be watching.
3 Things That Made Me a Better TraderIts as simple as following a trend. In my opinion, there are 2 types of traders, trend traders and range traders. I prefer to fade range trading because it is very easy to get chopped up. The first step to being a trend trader is to first Identify a trend. I do this by using the Keltner channel. It lets me know two things:
Market has pushed with enough emphasis that the move could have continuation.
The Keltner channel objectively identifies the trend for me. This way I do not have to rely on my own discretion.
Secondly, I patiently wait for a pullback
Lastly, I look for an entry on a "breakout bar" or an inside bar and I place a stop order entry just above this.
Its as simple as that. There is no more magic to this formula. There are many other ways to enter a trade on the pullback. For instance you could place a limit order at the previous bars EMA value (EMA with an offset of 1). I have linked a my complete editor's pick Keltner channel strategy to this article. If you want even more in depth detail on this strategy check out my website in my profile.
Good Luck and Good Trading!
SPY DIRECTION FOR JAN 10THI think we push to 590.58 then once we see a rejection we can go to 587, 586.50 or 585.20.
If we break 584.40 we are going to 580.
Keep these levels on the watch.
SPY Technical Analysis & GEX InsightsTrend Analysis:
SPY appears to be forming a symmetrical triangle pattern on the 4-hour chart, suggesting a potential breakout in either direction. The price is consolidating within narrowing support and resistance levels, indicating reduced volatility and a possible large move ahead.
Support and Resistance Levels:
* Immediate Resistance: $591 (Key resistance zone based on GEX data).
* Next Resistance: $595 (Major GEX wall and prior price rejection area).
* Immediate Support: $586 (GEX levels show strong PUT support here).
* Critical Support: $580.50 (Major PUT Wall and previous price support).
Volume Analysis:
Volume has been steadily decreasing, in line with the consolidation phase. A breakout with increased volume will confirm the directional bias.
MACD Momentum:
The MACD is hovering around the zero line, indicating a lack of strong momentum in either direction. However, it may cross soon, providing an early signal for the next move.
GEX Insights:
1. Gamma Resistance: $591 and $595 are major resistance levels where CALL walls dominate.
2. Gamma Support: $586 and $580 are key PUT walls providing strong downside protection.
3. Implied Volatility (IV): SPY’s IV is relatively low, suggesting calm market conditions but also positioning for a breakout.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $591 with strong volume.
* Target: $595 (first target) and $599 (next target).
* Stop-Loss: Below $588.
Bearish Scenario:
* Entry: Below $586 with strong volume.
* Target: $580 (first target) and $577 (next target).
* Stop-Loss: Above $589.
----------------
Scalping Scenarios:
Bullish Play:
Setup:
If SPY breaks above 593.71 with high volume and candle confirmation.
Entry: Near 593.80 after retest.
Target: Scale out at 595.50–596.15.
Stop-Loss: Below 593.20.
Bearish Play:
Setup:
If SPY breaks below 585.20 with sustained bearish momentum.
Entry: Near 584.90 after a weak pullback.
Target: Scale out at 583.50, and extend to 582.00 if momentum holds.
Stop-Loss: Above 586.00.
Momentum Confirmation:
Monitor volume closely; scalping opportunities are stronger with rising volume near breakout levels.
Watch for MACD or Stochastic RSI alignment to confirm momentum.
Caution:
Premarket Volatility: Reassess levels if the premarket introduces a strong gap or unusual activity.
Tight Stops: Maintain disciplined stop-losses to protect against rapid moves.
Directional Bias:
The symmetrical triangle hints at neutrality, with the price poised for a breakout. Watch for a decisive move above $591 or below $586 to confirm the next trend.
---------------------
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
SPY Next Move UP! Buy!
Hello,Traders!
SPY is trading in a long-
Term uptrend and the
ETF is now about to retest
A strong horizontal support
Level of 584$ from where
We will be expecting a
Local bullish rebound
Buy!
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