SPY THIS WEEK MAY 3-8 2020
As previously mentioned last week's Speculation, SPY was not able to hold above 285 despite strong bullishness above 290. Going into a new week, markets will be digesting earnings, Coronavirus treatment, and the relaxing of stay at home policies. This week will be a test of SPY support of 272.
Bulls will try and hold support, bears will fight to get below support, ending the week in a stalemate stuck in choppy sideways trading.
R 295
S 272
Bulls will try and hold support, bears will fight to get below support, ending the week in a stalemate stuck in choppy sideways trading.
R 295
S 272
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