Here's 3 critical areas for SPY and why it matters in June 2025
JPM has a massive LONG PUT position with $530 strike ending June 30. This is extremely bearish for $SPDR S&P 500 ETF Trust(SPY)$
Here's 3 critical areas for SPY and why it matters in June 2025🧵
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Every gap has been filled on SPY (4 circles here has been filled) This big long one from $566-$576 has not been filled yet. It will act as a magnet for the market. It just needs to be trigged for the market to sell off towards this gap:
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Area 2 is 200SMA and 20SMA they sit at $576 and $579. This is mean reversion generally SPY tends to move towards 20SMA and in periods of uncertainty the 200SMA. These areas should get tested in June 2025 at some point.
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When SPY hit $480 we shared our target at this bottom would be $600+ and today it hit $598. Here's the explaination for you to LEARN from and memorize.
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SPY has a bearish divergence right now. Take a moment to pay attention to volume and momentum. Bulls are geting exhausted here they are getting tired of buying here and with the negative trigger market sells off SPY.
There are 6 Divergences to remember and they LEAD SPY
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Here's 6 DIVERGENCE cheat sheet for you to remember. These are powerful because they LEAD the market and predict it.
This is RARE in technical analysis so save this for future to study.
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