$SPY TOP 20
Added 2024-09-11 14:20:54 +0000 UTC$SPY and $QQQ are out of sync right now, the $QQQ has already pulled back to its green 0.618 Fib, mimicking that of $NVDA and the $SPY has only pulled back short of its 0.5 Fib
We can see today that the $SPY tested its 50 Day MA from below and so far has rejected at this level
So if a lower low is made below $539 then the $SPY can pull back to the 0.618 Fib at $531, in line with the $QQQ.
This would not change anything and still regarded as a standard pull back and both bull and bear case scenarios are still valid
