SPY - One of the most short lived bear market rallies
$SPDR S&P 500 ETF Trust(SPY)$ - Weekly Timeframe: The current volume shelf between $500 and $514 is being lost, the next shelf is at $446.
One of the most short lived bear market rallies happened today. RSI is oversold as not seen since March 2020. The Fear and Greed continues at 4... will it make it to 1?
It’s oversold since two weeks ago. No support on sight.
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$S&P 500(.SPX)$ I shared this chart with subs last Saturday in the premium publication with support and resistance levels.
🎯 The low yesterday was spot on
🎯 The top today was spot on
So rapid moves, I wish this to end, but technicals have the final verdict.
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