The Morning Brief
No hype, no pumps, just process
Defensive rotation underway with selling in growth and cyclicals. Energy (+1.25%) leads, Real Estate (-0.72%) lags.
SPY $773.84 (+0.18%) — price is holding above the 20-day.
Resistance: $776.85 Support: $729.10 20-Day SMA: $752.30 RSI (14): 65.4
Does SPY reclaim the 20-day at $752.30 or lose $729.10? Long, short, or flat — what level matters most and what confirms your bias?
Not financial advice. Trade your own plan.
u/Badboyardie — 8 days ago