2/23/25 Best Idea For The Week Ahead

We closed up last week with a nasty bearish engulfing candle on the SPY that broke the 8 week. The last time we did that was 6 weeks back and the following week was met with a gap down below the 21 week and a huge reversal. The big level to watch now is that 21 ema below just over 590, we have not closed below that on a weekly basis since October 2023, …