SPY 200SMA at $572.55 is next target

Michael Esther
03-17

$SPDR S&P 500 ETF Trust(SPY)$ The best part about US bear market and 10% correction is riding SPY all the way back up to all time highs!

The 200SMA at $572.55 is next target. Let’s see if it breaks this week for FOMC and OPEX.

Expected move for SPY is 15 points in either direction so targets for this week will be towards $580 or below $550.

I believe we are at A right now heading to B for the full corrective move to C.

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This DOT PLOT will change course of history on March 19 at FOMC and no one knows how it will play out.

Here's why:

✅3 rate cuts then market could see a solid up move

🔳2 rate cuts similar to before market is flat

❌1 rate cut then market could see this bearish

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