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← @reddogt3

$SPY

BEARISH2026-10-15
Price around the call
↓ 2026-10-15
By horizonMaturing · ~13 trading days to go
1d
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5d
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21d
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Original post
Scott Redler · 2026-10-15

📺 THE MARKET IS BREAKING AND I'M NOT BUYING THE DIP + $SPY / $QQQ MORE DOWNSIDE AHEAD? + WHY I'M 98% IN CASH The stock market is deteriorating much faster than the major indices suggest. While the S&P 500 was recently just 1% below its highs, the average S&P stock was already down roughly 18%, and many momentum names had collapsed 50%–70%. The damage beneath the surface has been enormous, yet the indices haven't experienced a meaningful correction. So why rush to buy the dip? * $SPY: The 8/21-Day Breakdown Changes Everything Following the hotter-than-expected CPI report, $SPY broke through critical support at $775, $773, and $771, losing both its 8-day and 21-day moving averages. Selling accelerated toward $766–$767, bringing #SPY to a test of its 50-day moving average. The remar

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