The stock market has been looking very weak so far this week, with quad witching coming up on Friday. We are already seeing lots of volatility in all indices. As we always say, $IWM will be the leader of larger up or down moves because small caps are usually the first to be bought and sold.\
As for $SPY and the overall market, pay attention to what Ricky has to say about why the $442 level is a very important level during these times of uncertainty. If you have watched our pre-/post-market lives, you know we are approaching support on our trendline.
Could we break the support and become fully bearish, or do we bounce right back up and remain semi-bullish for the time being. Only time will tell…
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