SPDR S&P 500 ETF TRUSTSPDR S&P 500 ETF TRUSTSPDR S&P 500 ETF TRUST

SPDR S&P 500 ETF TRUST

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The market was in a downtrend mostly all morning . If you bought the dip from the market bottom short term there is a FVG, so there’s a high probability of a reversal to the downside. If we respect the bottom it could be range bound today or if we break the bottom expect a flush. Just my thoughts

The VIX is below its major trend line on the monthly chart, again. This means that we're likely in the lower wick phase for March right now. In other words, the stock market's current rally is likely a bull trap.

VIX SPX SPY
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