- Intel weekly chart shows price near weekly trend line which may result in a bounce from the trend line in favor of the bulls.
- Main resistance bulls need to cross is the 200 day moving average.
- MACD in daily time frame is showing a bullish alignment.
- So one can stay long above 200 dma towards 22 with a small stop loss.
- Bigger correction possible only if the weekly trend line gets broken.
- SPY WEEKEND UPDATE
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