$SPY $VIX Is it time to test the 200 Day EMA?

Not investment advice. I am not an expert. Things could be shaping up for a long overdue test of the 200 Day EMA. The dip buying has been furious the past several weeks. Have those buyers been exhausted? We will find out. Good luck to all.

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Based on price action today and the MACD on the daily, it appears to me that the dip buying is weakening imo. Have a good weekend!