ā ļø SPY starting to show cracks
SPY is starting to lose momentum on the bigger timeframes, and there's a chance we see pullback in the upcoming month. Right now the gamma flip point is 660. If SPY loses 660, things can start getting volatile. Key levels to watch: - 663 ā Biggest support right now - 662 ā small support - Below 662 ā potential downside to 655, and 650 - Worst case scenario 625 š Takeaway: This is the time to start reducing exposure, staying alert, and consider hedges on your long-term positions How are you preparing if SPY starts pulling back?