$SPY TOP 20
Added 2023-03-12 21:09:58 +0000 UTCI see nothing bullish here, below the 50 Day MA, the 200 Day MA, out of the wedge and rejected trying to get back into it, new lows and lost the critical 390 support. Also back in to the original downward trending channel that its been in since Dec 2021. RSI very bearish and MACD is showing a further decline is expected.
Next possible support is at 374 which was the low at Wave B in amber, the best that any 'bull' could hope for is that this moves sideways now.
Needless to say, I am very excited about the week ahead, our strategy benefits from this uncertainty as a lot of great, fundamentally strong companies are forced to become undervalued, we buy when there is blood on streets.
