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SPY closed below 200 MA

SPY closed below 200 MA, but held on to the support level of 398. This level is quite crucial in my opinion. If it doesn’t hold, we could go all the way to sub 390. And that means most of the stocks will be down.

On the other hand, VIX seems to be waking up as it climbed back above 20. Macd is on the verge of crossing up (not confirmed yet). Next 2 or 3 days will be crucial

Have shared in my video that I’ll be cautious if I am holding on to calls.
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Successful investing is about managing risk, not avoiding it. DYODD Support my YouTube channel: Jay el
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