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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.