$SPY TOP 20
Added 2025-03-17 21:02:11 +0000 UTCNice continuation today after Fridays bounce and I believe the price action will run up to the 200 Day MA at $572 for a test this week.
This will be important and we have been expecting this because a level is not truly lost until a retest and a rejection is observed.
The price can go higher than the $572 level but as with all support levels, the level needs to be confirmed as a support level, so a break above $572 then must be met with a retest of $572 from above in order to be confirmed.
So there is still some work to do here for the bulls and bears at the $572 level and I expect there to be a battle there until the Fed decision is made on interest rates this Weds.
