$SPY Breakdown Map: $620 First, $600 If Panic Hits

Michael Esther
03-28

$SPDR S&P 500 ETF Trust(SPY)$ is broke below key trend + 200SMA (last week)

Only 2 more demand zones to test if we break under $630:

1. $620–$625

Stronger demand zone below, aligns with prior breakout + trend support. If lost above, this becomes key level institutions defend

Probability: 55% (depends on broader market / macro pressure)

$600–$605

2. Major psychological + structural level

Last line before deeper correction, high liquidity zone

Probability: 40% (only if panic / escalation continues)

Why SPY will eventually break all-time highs again:

1. Earnings growth continues top companies still printing strong cash flow

2. AI + productivity boom driving long-term multiple expansion

3. Liquidity always returns Fed cycles eventually shift back to easing

100% of the time SPY recovered after every single war in history.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment