SPDR S&P 500 ETF TRUST
Long

SPY Weekly calling for a push to 530ish on the Fib EXT

If we gauge the last major moves on SPY with Covid being the last in 2020 we can see the same pattern coming to and end on the current weekly SPY, using the fib ext paired with the RSI and MACD we can clearly see a jump to 530 on the weekly in SPY's Future. Also note that the relative strength index just crossed up over 50 and the MACD just crossed up as well. All indicators on the weekly are calling for a rally and could last up till DEC

Disclaimer