1. $SPDR S&P 500 ETF Trust(SPY)$
$580 broke and gap filled
We are now at smart money zone.
If $580 can’t hold, next stop is $570
That would break structure for the first time since 2023
Then it’s full 🐻 mode
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We're gearing up for at least a 5% rally from this point before a potential rejection could occur.
The short-term price action indicates oversold conditions, and it looks like buyers are stepping in.
I'll aim to take profits as soon as we start to see signs of weakness on the BX.
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-36% since the call out
Now approaching smart money zone
This could be a solid dip buy opportunity long term.
That said, if we break $80 this thing is going back to $60 easy
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