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$SPY Weekly Review.

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Bullishcharts  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Fibonacci Pivot Points Support and Resistance
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fibonacci pivotpoints supportandresistance

Despite what happened on Friday we are still very much in a downtrend.
Bulls will look to turn that into a Bull_Flag, falling wedge breakout next week.
-Fibonacci G Pocket and 20ma held as support last week
Major resistance levels to consider.
$330.65 Weekly candle resistance &12ma
$339.08 Feb Pivot Point & 7MA
$342.60 Well defined resistance | Rejection point.
The MACD and Histogram are bearish but any positive news on stimulus will ignite
a rally next week.
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