$SPY TOP 20
Added 2025-03-19 22:23:52 +0000 UTCVery happy with the bounce I am seeing on the 0.236 Fib and with our guidance here over the last few weeks.
We have been waiting patiently for a retest of the 200 Day MA from below which is at $573, the highest the price action got today was $570, so no test yet.
I believe this can happen this week and how the price action reacts at this level will be important
RSI is a very good guide here too, it is showing a bullish recovery and has moved out of the oversold territory now, so there is a lot of room for this to move higher next and even make a new ATH
So again, we should not sell out of positions until there is a test of the 200 Day MA and a rejection, so far we don't have that and this could very easily move higher to ATH's again.
