I’m not fully trusting SPY bounce

$SPDR S&P 500 ETF Trust(SPY)$

While SPY weekly BX just closed 🟢, the weekly market bias is still 🔴 — which is why I’m not fully trusting this bounce just yet.

Wouldn’t be shocked at all if we reject from here…

But remember — we wait for confirmation before reacting. Always.

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3.SPY Weekly BX just confirmed 🟢

Recovery is gaining momentum — but don’t let your guard down yet.

The Monthly is still 🔴 which means another sell-off is still on the table in the coming weeks.

That said… this recovery is starting to look real.

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  • nknows
    ·2025-05-03
    thanks 🙏🏻 for sharing this info
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