Paul323 retweeted
$SPY: Closed back above 20 SMA & had a retest of 5 DMA (Orange) & AVWAP ATH (Red) after yesterday's breakdown.
Retraced towards the Fibonacci 61.8% level & stalled inside the golden zone.
$520 is the key level of resistance to have a pullback towards $508.50.
Under 5 DMA & $420 expect a test of $512 & Yesterday's low.
The bulls are trying to hold the market above 20 SMA.
$QQQ: Closed right underneath 20 SMA.
Resistance: $443.83/$444.
#SPY #QQQ #StockMarket #stocks
Paul323 retweeted
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Paul323 retweeted
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Paul323 retweeted
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