SPY is up 10%. And that’s the problem
$SPDR S&P 500 ETF Trust(SPY)$ Most traders see green and think “safe to enter.”
But they’re ignoring what matters most:
Monthly BX Trender is still red. 🔴
That means we’re in Zone 3 — the worst possible environment for swing longs.
Historically, this zone takes months to flip.
Not days. Not weeks. Months.
Even with this bounce…
The weekly BX is still making lower lows.
That’s not confidence.
I’m not shorting here either.
Best case?
Price pulls back to $500 or even retests $480.
Then the BX flips.
Then we enter expansion.
Until then — it’s all noise.
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