SPY crashed 22% from $613 to $480, 3 times the market sold off

$SPDR S&P 500 ETF Trust(SPY)$ crashed 22% from $613 to $480. 3 times the market sold off like this:

❌2008 Financial Crisis

❌2020 Covid Pandemic

❌2022 Inflation fears

Make sure you know these 5 critical levels for the SPY:

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1. 200SMA is at $574. This is a very big level for the institutions. As long as we stay below this level the market is no longer in the uptrend and this is not good for bulls.

A recession could easily happen in 2025 the longer we stay under this level.

2. The death cross happend last week 50SMA crossing below 200SMA for the first time after 3 years. This is an extreme bearish signal for the market.

3. SPY is holding support right now at strong and big level at $510. This is also a massive Fib golden ratio at 50%. The bulls will need to hold above this level in order to have a chance this year.

4. There is a continuation gap from $440-$445 that needs to get filled here. Unlikely it will get filled, but if $480 breaks in the next few months and we head down further then $450 would get test and then this gap would get filled.

Its a magnet as long as $480 is broken.

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5. This level here $480 I think is the bottom of the market at least for 2025 unless economy goes into a recession and the tariffs continue to weaken global supply chains. 80% of bad news is priced in and Trump is looking for trade concessions with partners now

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