$SPY closed the day in the green and above the 200-day EMA, forming a strong hammer candle after a massive intraday recovery. This is looking very good now. Dead cat bounce possibilities go lower because of that, obviously. Looks like a potential inverse head & shoulders

𝐑𝐞𝐝𝐞𝐟𝐢𝐧𝐢𝐧𝐠 𝐂𝐫𝐞𝐚𝐭𝐢𝐯𝐢𝐭𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐄𝐜𝐨𝐧𝐨𝐦𝐲: 𝐌𝐲 𝐉𝐨𝐮𝐫𝐧𝐞𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐚𝐭𝐞 𝐒𝐪𝐮𝐚𝐫𝐞 𝐂𝐫𝐞𝐚𝐭𝐨𝐫 𝐂𝐚𝐫𝐧𝐢𝐯𝐚𝐥
𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧: 𝐖𝐡𝐞𝐫𝐞 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐌𝐞𝐞𝐭𝐬 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲
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