SPY - Probably upwards of 209.77 (Week of June 8th)
Longterm channel has an upward bias, however SPY had a breakdown of the upward channel last 2 days of the week and purely due to anticipation of jobs data on Friday and some profit taking.
I suspect SPY will gap up on Monday (6/8) and should probably be above 209.77 support (Projected). Point to note is DOW has gone below 18,000 (this being the key), so I would be cautious but expect an upward move. Also SPX 2082 will act as a strong support. Anything below SPX 2082 is a free fall and so will SPY.
I suspect SPY will gap up on Monday (6/8) and should probably be above 209.77 support (Projected). Point to note is DOW has gone below 18,000 (this being the key), so I would be cautious but expect an upward move. Also SPX 2082 will act as a strong support. Anything below SPX 2082 is a free fall and so will SPY.
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