Weekly Outlook SPY Aug12-19
SPY is still showing signs of a corrective phase - which is not a bad thing. We had a retest of 200 D MA last week. But a continuation of the correction can bring us to 4800. Labor market and CPI data will play a big factor on whether 200 D MA is broken or not.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.