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Bullishcharts
Sep 26, 2020 6:53 PM

$SPY Weekly Review.  

SPDR S&P 500 ETF TRUSTArca

Description

Despite what happened on Friday we are still very much in a downtrend.
Bulls will look to turn that into a Bull_Flag, falling wedge breakout next week.
-Fibonacci G Pocket and 20ma held as support last week
Major resistance levels to consider.
$330.65 Weekly candle resistance &12ma
$339.08 Feb Pivot Point & 7MA
$342.60 Well defined resistance | Rejection point.
The MACD and Histogram are bearish but any positive news on stimulus will ignite
a rally next week.
Comments
bsimo0001
Probability of that 2.4T stimulus going through seems pretty low.
AzuraBear
Stimulus news may usher a lull in this bearish market but given the current situation it won't last. Bearish as heck.
Mynameismethos
I think the trend is about to reverse back up my friend
MirandaSimandl
I probably think the trend is about reverse back up..
Ereginabrantley
good shit bro follow my trading view ill follow back and lets keep in touch
Alijohri
Most people are bearish. So, it will just do the opposite and go up maybe
PolarHusk
Impressive work!:)
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