04/03 – 04/07 S&P 500

SPX       SPY

The prior pivots for trading this week are 2390.01 and 2322.25 on SPX (239.44, 231.61 for SPY ) which are also the highs and lows on weekly chart of the last 3 weeks. As long as SPX hold below 2390.01, stay bearish and watch for follow through to clear 2322.25 and after to 2300, trading weak sectors/stocks. If bulls build up power and broke 2390.01, see if they hold above and watch for follow through to 2401 on SPX ( 240.32 for SPY), trading strong sectors/stocks.

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