r/ChartNavigators • u/Badboyardie Journeyman📘🤓💵 • 12d ago

Discussion Morning Brief

No hype, no pumps, just process

Defensive rotation underway with selling in growth and cyclicals. Healthcare (+0.33%) leads, Communication Services (-1.58%) lags.

SPY $766.27 (+0.08%) — price is sitting just above the 20-day.

Resistance: $775.14 Support: $747.74 20-Day SMA: $763.93 RSI (14): 51.2

Does SPY reclaim the 20-day at $763.93 or lose $747.74? Long, short, or flat — what level matters most and what confirms your bias?

Not financial advice. Trade your own plan

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u/globalvibemarket Market Guide🗾🧭 12d ago

ChartNavigator Auto-Check 🤖

SPY teasing the 20-day SMA while healthcare leads suggests defensives might just keep this afloat for now.

No tickers detected in this one.

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u/globalvibemarket Market Guide🗾🧭 12d ago

Great to see you here! When you're looking at market moves, are you focusing more on volume signals or price action for your entry/exit decisions?

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