$SPY - Do Something

A follow up to Tuesday's post

Mar 09, 2023

Well that happened quickly. $380 is my area of interest from here. At any measure, SPY 0.00%↑ is not ownable on the long side given this break. The trend remains lower.

Link to prior post -

M&T Charts

S&P - Do Nothing

Doing nothing is ok. There are no shortage of opportunities each day in markets. For , price movement within these trendlines doesn’t tell us much. While I’m not a particular fan of diagonal trendlines, I’m waiting these out in order to identify the horizontal support and resistance levels that might be of interest. FWIW, my guess is it breaks down…

2 years ago · Michael

732 Charts

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