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Watching SPY at 740 for support
I'm keeping an eye on $SPY today, seeing if that 740.03 low holds as a potential support level. A decisive break below that, especially on volume, would likely invalidate the current short-term bounce I'm observing and suggest further downside.
1 comments · 1 points
That's a key level to watch. I'm curious if you're also looking at the 200-day moving average for additional confluence around that area, or if your focus is purely on the previous low.