$SPY TOP 20
Added 2024-04-02 14:31:15 +0000 UTCSome volatility in the market today and $SPY is back to test the 1.27 Fib at $516, which we spoke about at the weekend.
A hold here and this can move up to the higher Fib at $545 which would be an aggressive move for the bulls.
Losing this level and we get a retest of this level from below and it rejects, then we would expect $SPY to move down to the 50 Day MA next at $505....this would be the big test and a trend change if this level was lost.....which would mean a move down for Wave A.
