SPY: Breaking Levels; TASPY broke down the Weekly demand line and now looking to break the Monthly demand.
Looking to possibly test the bottome weekly trendline.
Possibly a 530 price target and if weakness continues, possibly below more to 520 then 510.46 to fully retest that bottom trendline.
The market has bene crazy, people calling bottom, wanting to catch the reversal. I mean, I would want to catch this “V” up too, but have to see if it keeps trending down to the bottom trendline.
LMK what you think and if you have any TA, tag me!
*Not FA