$SPY TOP 20
Added 2025-03-18 18:05:31 +0000 UTCAlthough the market may not feel very comfortable right now, on the chart we can see it is just a pull back since the bounce on the 0.236 Fib at $550 since last Thursday.
We can also see that the pull back is at the small 0.5 Fib at $559 too, which is standard so far.
For every bounce we want to see it behave in an impulse wave and this is behaving well so far
A break lower and even a lower low below $550 would certainly cause some concern and the 0.38 Fib comes into play at $512, which we believe to be Wave A
So right now, let the price action work, the big variable right now is the FED decision tomorrow, there will be a reaction to this announcement either way, I do not believe making any big decisions right now until the dust settles after that announcement should be made.
