$SPY - This is the major trendline we want to see holding. We still have time to close it above or make it look a little better but this is where it starts to get more concerning for stocks. We have $NVDA earnings on Wednesday and if that isn't a big win or green day that could just be another catalyst that gets people to derisk and sell. I think this is a good time to start finding some levels that you would want to buy stock at and wait to see if those hit. I won't be adding anymore unless we see a momentum swing back into the channel or if we can get a $NVDA rally that raises the markets again.
