The market's reaction to Friday's jobs report created another Doji near the top of the trading range in $SPY.
The sentiment remains bullish as
SPY was able to erase most of the losses it opened with following the grim jobs report.
210-212$ is the immediate resistance zone but don't count out the option for a spike to take stop losses above previous record high
Tomer Jakov, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week- goo.gl/tNaV9s
To subscribe to the newsletters - goo.gl/JfOLoR
The sentiment remains bullish as
SPY was able to erase most of the losses it opened with following the grim jobs report. 210-212$ is the immediate resistance zone but don't count out the option for a spike to take stop losses above previous record high
Tomer Jakov, The MarketZone
This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews for the week- goo.gl/tNaV9s
To subscribe to the newsletters - goo.gl/JfOLoR
Note
SPY was rejected by the top of the trading channel. Still can re-test previous highs as FOMC in focus now
Setup still relevant.
goo.gl/28uI95
Trade closed: target reached
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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.
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.