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theapearmy

$SPY - a crucial couple of weeks ahead 📉

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
theapearmy  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Harmonic Patterns Fundamental Analysis SPDR S&P 500 ETF (SPY) optionstrading shortsetup SPX (S&P 500 Index) VIX CBOE Volatility Index DXY
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trendanalysis harmonicpatterns fundamental spy optionstrading shortsetup spx vix dxy
SPY faced a major rejection at around $401.50, suggesting it will struggle to break through again. If bulls do push past, I see significant resistance at $404-$407.50. However, it's unlikely we'll reach there soon. I expect the rally to lose momentum and break through to $380s.

I recognize potential upside but expect more downside to come.

Side Note- I'll be watching $AAPL $NVDA $META for potential sell-offs.
www.threads.net/@jz_trades
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