SPY Trending Sideways

٢٧ يناير ٢٠٢٢

Looks like we have a bit of a convergence zone here. It's getting pushed down by the 200MA, you've got a FIB line of resistance, and a natural line/zone of resistance. I like the comparison of the beginning of the 2008 crash/rollover; choppy then but remaining in a downward trend.