dmamaril

SPY 4H Trend Reversal to 1.217 Fib

Corto
AMEX:SPY   SPDR S&P 500 ETF TRUST
MFI indicator diverged on March 26th and the 0.618 fib was rejected on March 27th; both indicators are showing weakness on the upside. The conditions that triggered this initial sell-off still remains and is expected to get worse. OIL is cheaper than my lunch, and COVID-19 stats are far from the apex due to lack of supplies and available tests. We're not done slipping down just yet!
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