SPY daily.
Not good, to state the obvious.
Down to the EMA 50.
Next target below is the EMA 100.
There was a bounce 5 days ago. It did not reach the top, as a lower high.
Down to the EMA 100? Could be.
Back all the way to the top? Not likely at this time.
In an extensive trading range? Seems like to me.
What is a fund manager to do? Ha ha. That is why they get paid the big bucks.
Shorter time frame. Longs and shorts (inverse ETFs and some vulnerable stocks), Money markets. Municipal bonds. Dividend stocks. Batten down the hatches for a rough ride.
Charts posted are not recommendations. They are just a sharing of information.