SPY Breached the lower Bollinger Band significantly.

SmartReversals
04-04

$SPDR S&P 500 ETF Trust(SPY)$ : Breached the lower Bollinger Band significantly.

Given the bearish candle and volume validation, a substantial bounce is unlikely. However, a return to the band's range is expected. This is a bear market, but same as bull markets price action experiences technical resets.

One of the bear market rallies of 2025 will come in May, when the FED will cut rates. Something short lived as in 2022.

$S&P 500(.SPX)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$

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