@TheLongInvest Finally someone who understands it. All these stupid crypto influencer who just draw lines and think they can predict the market with this nonesence
$SPY still a lot of weakness being shown.
Support is still not confirmed, nor has there been a retest of the 200 Day MA from below at $572
This pull back has been more severe than in 2022 and has been aligning more with the Covid 2020 crash so far.
This is simply not a 'Buy the Dip' situation right now in this current set up, there is clear risk here.
The only time to consider adding will be if the 200 Day MA is recaptured.
The worst case scenario next is a retets of the 200 Day MA and then a drop down to the 200 WMA at $463....but we are not there yet.
Wall St will push for you to buy the dip so they can derisk their positions.
Focus on the facts here.
Share and I will continue to share this, otherwise it is going private.