Since the uptrend began in November 2023, the 
SPY has experienced a drawdown of approximately 9-10%, with 11% being the maximum drawdown.
Similarly, drawdowns have typically overshot below the 200-day moving average (200DMA) by an average of 3%.
By this measure, the worst-case scenario for this drawdown could seeSPY fall to the $544 to $542 range.
I think we could see a bounce within this week.👀
SPX
SPY has experienced a drawdown of approximately 9-10%, with 11% being the maximum drawdown. Similarly, drawdowns have typically overshot below the 200-day moving average (200DMA) by an average of 3%.
By this measure, the worst-case scenario for this drawdown could see
SPY fall to the $544 to $542 range.I think we could see a bounce within this week.👀
SPX
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.