- SPY May do a classic Retest of the 50 day moving average and then start to fall.
- When important moving averages are broken price often retest them before falling deeper.
- Other resistances for spy are the 50% and 61.8% Fib levels in daily chart.
- So bigger up moves will be possible only if price makes a breakout above these levels on closing basis.
- APPLE WEEKEND UPDATE
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