3/30/25 Best Idea For The Week Ahead

The SPY wrapped up another ugly week with a firm close below the 50 week. The 8/21 bearish crossover overhead is unfolding and we are at the lowest RSI we’ve traded at in a very long time. This market is continuing its tantrum until the Trump tariffs are more known. He is just constantly flip flopping on everything regarding the tariffs but we know that “Liberation Day” is this week on April 2nd. Will that be a day the market settles down and gives a small bounce because right now, this looks really bad and heading towards that 100 week which is just under 520 right now.

The daily on the SPY has not made new lows yet, so if bulls want to cling onto something it should be that, but again, this is a very technically broken chart trading below all its moving averages. As long as those recent 550 lows do not break, this is fine, but if we lose those lows, alot more pain lies ahead.

This week’s best idea is a larger financial that has seen a ton of put sales recently and while it too has sold off, alot of big money is looking for a floor very soon on it.