Ape

SPY Weekly Outlook

BATS:SPY   SPDR S&P 500
312 0 0
We did get the follow through to the downside last week. The price closed at a lower low for the week. Based upon the price action last week, the SPY             will make a new low this week coming to target in the 162-160 area. However I am remaining neutral on the week because I believe after creating a new low, the SPY             will reverse and close green for the week. So look for a move down to 162-160 and then reversing strongly to the upside.
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