SPY REBOUND!!!!!!
I know there are a million reasons to be bearish, and this is just an idea!!! remember that lol
The main chart is stock below there 50 day moving average After today I am sure its about 2%. The SP has been in a down trend ever since Powell talked on the 13th I think it was.
The SP is also coming up on the (weekly) 200 day moving average which is 358.19. I know it hasn't reached that level yet but its dang close. The last two times that 20 was the deep in the 50 day moving average it also ways seemed to rebound might not be tmrw, but soon.
I think that 380 is a good level to sell at if it does rally I think long run the pre covid high will be the bottom.
Trade safe yall.
The main chart is stock below there 50 day moving average After today I am sure its about 2%. The SP has been in a down trend ever since Powell talked on the 13th I think it was.
The SP is also coming up on the (weekly) 200 day moving average which is 358.19. I know it hasn't reached that level yet but its dang close. The last two times that 20 was the deep in the 50 day moving average it also ways seemed to rebound might not be tmrw, but soon.
I think that 380 is a good level to sell at if it does rally I think long run the pre covid high will be the bottom.
Trade safe yall.
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