$SPY This drop was already expected.
I’ll explain.
We see on February 9th 3 rejections at the (0.618) Fibonacci Retracement Level.
When conducting due diligence, you would look for a previous day where $SPY tested this level, on Feb 4th you see the same rejection at (0.618) and see post rejection retracement back to fibonacci level (0.5). You should have sold...