SPY reached the lower pitchfork line (set to Fibonacci level 1.5) a few bars ago and it's likely to bunce back up.
Note
Next business day (Monday March 14) SPY went down to the red line (low right below the line and closed right above the line) after which (yesterday and today) it bounced up as I expected.
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.