$SPY TOP 20
Added 2023-10-09 15:58:44 +0000 UTCOver 2 hrs into the market now and very little has moved the $SPY, sitting at -0.20% right now, with a red mark at the opening.
Individual stocks are effected today; energy, defence and airlines (50% of their costs are on oil)
Overall, structures have stayed in place and the $SPY has just tested the yellow trend line from above and so far has held it.
We are seeing a number of retests of important trend and support lines today, $ABNB, $SE and $AMD being the most notable and successfully holding.
We will of course keep our eye on this but I am still in the market to add this week.
