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SPDR S&P 500 ETF TRUST
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$SPY Weekly Outlook Feb 24 2020

By MarubozuTrader
Updated
Futures are pointing towards a lower Monday open, 333.92 is key pivot point, if we can push above this area in pre trading or at market open longs could be profitable on the day. the 21 day ema as seen on chart is also key, a break of this could provide more downside to the 50 day ema 326.80.

I will update during the week...
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Huge sell off on market open will we hold key support (320) ?

remember to wait for intraday bullish impulses out of market formations before any buys are viable

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See images for Scenarios that could play out today 24 Feb

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25*
Chart PatternsdowjonesTechnical IndicatorsSPDR S&P 500 ETF (SPY) StockssundayanalysisTrend Analysisusmarketsweeklymarketsanalysis
MarubozuTrader

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