I think SPY is going down to 516 (0.382 Fibonacci retracement) and could go down to 485 (0.500 Fibonacci retracement). I will start taking long positions again at 516. Back in 2022 there was a 0.500 Fibonacci retracement where SPY went from 479 to 348 but I know people have short memories.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.