SPY in the gap and then pulled back to the gap breakout level. Has to show it can hold this level.
SPY getting rejected again at the declining trend-line.
The stock market took a tumble, following a 2-day rally Is the stock market headed for a recession and bear market? In this video, I analyze the SPY ETF using technical analysis and provide insights to key price levels and how far this stock market could fall if the economy enters into a recession.
Stocks seeing a resurgence of selling. I'm getting a sense that the street is continuing to de-leverage themselves from the Mag7 stocks at the expense of retail. You see, retail has made a killing since 2009 buying the dip. Sure there was that nasty bear market in 2022, but even that was quickly wiped away
Current trend-line of $SPY on the 30 minute chart. Could see a a bounce that takes it back up to the declining trend-line.
SPY has consistently held the 5-month moving average since this rally began in late '23. Right now it is getting tested. A hard break below and close below, could signal a shift in the market.
Seeing a potential test here, hard to get short unless this gets broken first.
SPY keeps bouncing off that 50-day moving average.
SPY Seasonal the weakest for February.
SPY Just won't stop chopping.