$SPY If it isn't already clear, this is not like the other pullbacks this year. Not calling for a crash, just a longer, deeper correction than the new folks are used to experiencing. Look at that weekly stochastic, still wide open to the downside, it's moved lower than the double correction last sept/oct. and I won't be surprised if it hits near the bottom of the indicator before changing course, much like the other larger corrections in the past three years. Make a not of the stochastic positions and the price action in those areas. Also notice the macd on the weekly is quite red for the first time since march 2020. So be patient.
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