$SPY - a crucial couple of weeks ahead 📉

27 Mar 2023

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 [temporary] upside but expect more downside to come.

Side Note- I'll be watching AAPL NVDA META for potential sell-offs.