SPY held 770 support; unlikely to break above 777/779 resistance in the short term.

It's not like the market just pulled in on the S&P down 8 to 12% or the Q's down 8 to 12%. You have stocks, you have a big percentage of the S&P stocks are down like 18%, a big percentage of the momentum names are down over 50%.

like look here the spies what did the spies do all in all and I know it's masking all the other names you don't have to be in all the other names you need to be in the names that are technically solid if you want to be actively bullish and it does change so if you look here at the spies you you know all it really did is from 781 which was extended and made sense to sell.

It came in and played with the 8day. So, it stopped out super momentum names or or super momentum traders. Like, I got stopped out of a lot of things yesterday because I wasn't giving it that much room.

And although you look at it, all it did is, you know, it stopped everyone out, held 770, give you a new point of reference, came back up with a little bit of a dogee, and now here we are at 77672.

Yesterday's high is 777. Here is 779. In my humble opinion, I don't think we get above this area today. So, if you're looking to, you know, if you covered some shorts in the hole, maybe, you know, you tactically give a little bit of a short verse, you know, those levels.