whatstheplay69

Flat and Kangy until 2021 with Short Term Bullish Upside to $350

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
TREND
Long channel is neutral / bullish between $252 - $371
Short channel is bullish between $320 - $351
Current channel is bearish between $296 - $360

MOMENTUM
SRSI, RSI, and Chaik are overbought on Min & Hour
SRSI, RSI, and Chaik are underbought on Day
SAR is bullish on Min & Hour and bearish on Day

MOVING AVG & PIVOTS
Moving Average (25, 200) & (50, 200) suggest a bearish cross at $335
MACD is extremely bullish and nearing a bearish cross
Bullish divergence on Min & Day and bearish on Hour

MACRO FACTORS
DXY is bullish on Day from $92 - $95 and bearish on Min & Hour
Market is up 4-5% since low of $320 on 9/25
Congressional stimulus in limbo for ~ 40 days
Previous stimulus runs out on 10/2

ANTICIPATED PRICE ACTION
9/30: $335
10/2: $350
10/15: $330
11/3: $320
12/31: $310
201: > $300
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