![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMno9m_pnA3JmaQOJagnufIEBiMyN6tzwSNUCOL1zPOIQzGrb5uiKU_f9GbRKCp66v7WrwaO-YS48a7JZlzv9L1XChoEv_jL8F6ONxHMZS7sm5bcbhYS9qNkBoZnLZyd8VQeMnbCU8ZC01/s640/SPX+WEEKLY+CHART.png)
- Thursday's up move got resisted at 20 Day SMA.
- Price managed to close the week above 50 Day SMA But Friday's candle shows weakness which has also affected the weekly candle.
- Last two weekly candles tested the up trend line, For now bulls are able to hold above it but price may break this trend line if gets tested again.
- BLACKBERRY CHART ANALYSIS
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