SPY losing momentum 30m

Mar 15, 2023

Happy day for all my swing trades out there! :) Now we see finished the day at a key level as we ultimately are on a sloppy downtrend. I expect to see a move downwards by our SPY friend back into support levels around the 384.50 mark. This support level has been tried many times now which may seem as a reliable bounce level, but we gotta remember it just means this floor is being weakened everytime. SMA20/50 are to stay under the 200 for bit longer. If we break down we can expect to see 378 soon. Stay safe and strap up B)