SPY weekly close below the TRENDLINE leaves it vulnerable

30 Mar 2020

After 4 weeks of massive selling & liquidation, SPY managed to climb about 18%, but 30 minutes before the market close on Friday the bears took over and the weekly candle closed below the long term support.
This indicates that the selling will continue this week and the market will test the lows.

1 Nis 2020

Not

Bears are in charge again, futures are down 3% and if we break 244 then it's very likely we will go down to 227 and then a small bounce up from there.