4 powerful SPY levels to know for tariffs and FOMC in March 2025
4 powerful $SPDR S&P 500 ETF Trust(SPY)$ levels to know for tariffs and FOMC in March 2025. SPY broke below long-term trend set from Nov 2023:
1. 70% chance SPY will reverse hard and fast UP when RSI is oversold. This level sits close under $570 area you can see from this chart.
2. The 200SMA is at $570-$571. The last time SPY crossed above this in Nov 2023 it trended up for almost 18 months in a row. This is a massive area of support for the market to hold.
3. $540 would be the absolute bottom of this down move and its unlikely we get here but that would a 10% correction on the SPY.
4. $567 This is another massive demand area where buyers are looking to add to their strongest positions here. There is a 50% chance we'd get here in March but that would also mean RSI is very oversold. And its a FIB retracement level.
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- WendyOneP·2025-03-05great thinking! thank youLikeReport