$SPY TOP 20
Added 2025-03-06 21:10:58 +0000 UTCOddly, in spite of the volatility and pressure on the market over the last 2 weeks, there is no changes to our chart.
We have been monitoring this closely and we are ready for whatever the market throws at us.
The 200 Day MA was tested again today and even dropped slightly below before recovering and finishing the day above this MA.
Very clear brief here:
Once the price holds above this level, there can be a strong bounce and recovery
Losing this MA and MOST IMPORTANTLY - REJECTING below this level and we must confirm that Wave A of the correction is underway but we are not there yet.
I know for many this does not feel comfortable but you do not want to make matters worse here by selling too early and missing the rebound, making it a bigger problem than it needs to be
I have not sold out or trimmed positions yet, I will let the bulls and price action work first, so the plan is clear here.
Comments
Thank you for the clear plan, CAP!!! Helps me so muccchhhhh❤️❤️❤️❤️
Sid
2025-03-06 21:35:35 +0000 UTCHoping this was wave C for wave 4 pullback
sahilpreet Singh
2025-03-06 21:23:10 +0000 UTCI really appreciate your strategy, it’s just impressive
Federico Salerno
2025-03-06 21:19:25 +0000 UTCThis drop has felt painful, imagine reaching the wave C target pain! Doesn't hurt to prepare when the bounce happens
DiegoTheSabre17
2025-03-06 21:17:48 +0000 UTC
