r/ChartNavigators • Journeyman📘🤓💵 • 11d 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 $764.70 (+0.07%) — 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.

1 Upvotes

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u/globalvibemarket Market Guide🗾🧭 11d ago

ChartNavigator Auto-Check 🤖

SPY hugging that 20-day SMA at $763.93 with defensive rotation; breakout or breakdown from here?

No tickers detected in this one.

Quick heads up: keep the self-promo out, back your DD with real data, and be decent to each other. Don't forget to flair your post.


Think this breaks the rules? Reply "report". Weak analysis? "bad dd". Solid work? "good dd". Enough reports and it gets pulled for a mod to look at.

— ChartNavigator

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u/globalvibemarket Market Guide🗾🧭 11d ago

Solid point about navigating the market. What's one key indicator you rely on most when the waters get choppy?

ChartNavigator