Since the uptrend began in November 2023, the 
SPY has experienced a drawdown of approximately 9-10%, with 11% being the maximum drawdown.
Similarly, drawdowns have typically overshot below the 200-day moving average (200DMA) by an average of 3%.
By this measure, the worst-case scenario for this drawdown could seeSPY fall to the $544 to $542 range.
I think we could see a bounce within this week.đź‘€
SPX
SPY has experienced a drawdown of approximately 9-10%, with 11% being the maximum drawdown. Similarly, drawdowns have typically overshot below the 200-day moving average (200DMA) by an average of 3%.
By this measure, the worst-case scenario for this drawdown could see
SPY fall to the $544 to $542 range.I think we could see a bounce within this week.đź‘€
SPX
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Disclaimer
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.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
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.