SPY/SPX Bear Market, liquidity speedbumps, and key levels

7 Kas

SPX SPY
The current setup mirrors the prior rally from trough to peak, projecting a speculative 20% bear market range.

From here, I’m watching for a push into 6100–6200 that’s where strong resistance should form. If we reject that zone, it likely marks the start of a deeper unwind.

A quick overshoot toward 6000 wouldn’t surprise me and could trigger a dead cat bounce, but unless buyers regain control above 6200, the bounce should fade.

At 20% we'll be around $5550, where we’d likely find structural support. However a market shock around there could allow it to drop to $5200 if something happens while we're in that zone.

I don't think we'll go lower than $5000 moving forward

7 Kas

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6100–6200 that’s where strong Support*