$SPY TOP 20
Added 2023-02-26 19:22:14 +0000 UTCWe have always stayed true to our strategy and although it was questioned a lot, we always leaned bearish, in spite of the the 'bulls' best efforts. $SPY really struggled towards the end of the week and when PCE and a number of inflationary indications came in hot, this went bearish, lost the wedge support and although it can't be seen on the daily chart, the price is currently outside of the wedge.
I expect the 200 Day will be tested but we will need to see a bounce shortly, this may look like a retest of the wedge, if it rejects here again, this will come down heavy. I think a lot of us would love to see this in our buy zone.
