SPY on the Brink

You can clearly see we failed to hold the central Green Trendline—a bearish signal. We are now testing the lower Pink Trend Channel.

This green line is the absolute last stand for the bulls in the short term. If it goes above and holds, we look for a rally back toward that pink line at the top. If it breaks, prepare for accelerated selling. This is our line in the sand.

What's driving the fear? Looking at our Top 10 Interest List : We saw weakness led by the Magnificent Seven, particularly NVIDIA (NVDA) and Tesla (TSLA), whose recent sell-offs are pulling the entire index down. Watch their reversals for the first sign of SPY momentum returning